Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 348 results for %22IOOF Investment Management%22

Netwealth top for FUM growth

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
... FUM. Netwealth had the strongest growth in retail managed funds FUM, recording a 29.1% boost. That was distantly followed by IOOF (5.1%), Commonwealth/Colonial First State (4.3%) and Mercer (3.9%). BT might be at the top for total FUM in managed funds ...

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
Australian Executor Trustees (SA) Limited, formerly owned by IOOF, is expected to pay about $80 million after yesterday's court judgement on its conduct as the trustee to a forestry investment scheme. AET was appointed as the trustee of the S.E.A.S ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator. The Federal Court has held that IOOF's Investment Management ...

IOOF advice remediation hits $235m

KARREN VERGARA  |  MONDAY, 26 AUG 2019
IOOF will fork out a whopping $235.3 million to compensate customers for bad advice and charging fees for no service rendered. The ASX-listed firm's June 2019 financial results were overshadowed by its client remediation bill that is expected to ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... Institute president and Munich Re chief risk officer Lindsay Smartt has also joined the boards of IOOF and IOOF Investment Management as a new independent non-executive director. IOOF confirmed the boards of its APRA regulated entities were still majority ...

Zurich inks exclusive retail distribution deal

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... with Celeste's chief investment officer Frank Villante in the course of his previous work at Shadforth Financial and IOOF. Celeste is also replacing Sigma Funds Management on the $60 million Zurich Investments Small Companies Fund which started its ...

IOOF rejigs CRO role, appoints successor

KARREN VERGARA  |  FRIDAY, 26 JUL 2019
IOOF has redefined the role of its chief risk officer and appointed a compliance and governance expert to the position. The group also announced the sale of one of its advice practices. Amanda Noble, who has been IOOF's acting chief risk officer ...

Fund managers lag on ESG

KANIKA SOOD  |  FRIDAY, 5 JUL 2019
... report said. Among other diversified financials, Janus Henderson scored 64.5 (down 11%), Perpetual scored 70.6 (down 1%), IOOF had 76.1 (up 7.1%). Challenger (83.2), ASX (85.3), Computershare (86.4) and Macquarie Group (95.5) all scored better than the ...

OnePath awards $210m in mandates

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
... cash and fixed interest. The changes were implemented in February. ANZ sold its OnePath Pension and Investments business to IOOF but the deal has faced roadblocks with a May update saying if any conditions of the transfer are not met by October 17, either ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... 20% legacy, and contemporary. It also used Royal Commission platform cost data to assess cost-out prospects. It downgraded IOOF (IFL) to sell to account for earnings pressure. AMP and Netwealth were unchanged at neutral and sell respectively. "Although ...