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Showing 11 - 20 of 91 results for %22IOOF Holdings%22

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... which would hit their bottom line. "The recent equity market sell off reduces wealth management income for AMP and IOOF holdings, with net fund flows likely to be reduced due to market volatility," UBS said. "Our analysts estimate a 10% fall in equities ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... approximately $12 million, priority claims owed to employees of around $2 million and intercompany loans of about $75 million. IOOF sold its AET corporate trust business to Sargon in October 2018 $51.6 million. At the time, AET said it was excited to ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... smaller dealer groups and self-licensed advisers to meet advice needs across the whole financial sector." He named AMP and IOOF as the major groups committed to providing financial advice amid the fallout from the Banking Royal Commission. Maroney supported ...

FS Roundtable: Striking the perfect balance

KARREN VERGARA  |  THURSDAY, 14 NOV 2019
... Research general manager of investment consulting Lukasz de Pourbaix; Rainmaker head of investment research John Dyall; IOOF Holdings head of research and retirement income Matthew Olsen; Rainmaker managing director Chris Page; Implemented Portfolios ...

IOOF to cut bonuses, pays Kelaher millions

ELIZABETH MCARTHUR  |  TUESDAY, 29 OCT 2019
IOOF's annual report includes details of the termination remuneration for former managing director Christopher Kelaher. The report shows Kelaher received a termination payment of $1,273,379 in lieu of his contractual notice period along with additional ...

IOOF divests Ord Minnett stake

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
IOOF is divesting its majority stake in Ord Minnett Holdings to focus on its wealth management capabilities. IOOF announced to shareholders this afternoon it will offload its 70% stake in Ord Minnett to a consortium for $115 million. It expects to make ...

Platform provider wins mandate

KANIKA SOOD  |  WEDNESDAY, 10 APR 2019
... Macquarie Group associate director Sam Robson, former Citigroup head is investment advisory and research Toby Lewis, former IOOF head of equities and portfolio construction Paul Saliba, and former AMP Advice head of investment strategy Brad Matthews. ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... Commonwealth Bank has delayed its planned demerger but said it remains committed to exiting wealth. Meanwhile, the OnePath/IOOF transaction has been put on ice, pending the outcome of the APRA investigation. Finally, NAB is reportedly hunting a buyer ...

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
... separate board meetings to consider the interests of both its RSE and RE functions. Another licence condition requires IOOF Holdings to establish a dedicated business function to support its three APRA regulated entity subsidiaries (AREs) including IOOF ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
OneVue Holdings is selling its trustee services business to Sargon Capital for $45 million. The trustee services business comprises Diversa subsidiaries Diversa Trustees and CCSL. OneVue acquired the entire Diversa business in 2016 for $49.8 million ...