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Showing 301 - 310 of 879 results for "IOOF"

Dealer group strengthens executive lineup

JAMIE WILLIAMSON  |  MONDAY, 3 JUN 2019
... has more than 30 years' experience in financial services. Prior to joining the group, Cullen was head of best advice at IOOF. He has also previously held roles with Colonial First State and Commonwealth Financial Planning. Centrepoint Alliance chief ...

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 ...

APRA flexes new muscles

HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
APRA has invoked its new powers for the first time, directing IOOF and its superannuation entities to implement and maintain an Office of the Superannuation Trustee (OST) within the group or risk facing a financial penalty. The move comes after IOOF ...

Frontier Advisors adds consultants

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2019
... Lonsec where he served as a senior investment analyst for more than three years. Prior to Lonsec, Hoe spent five years at IOOF as an investment operations officer and research analyst. Frontier Advisors' chief executive Andrew Polson said he is looking ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
ANZ provided an update on its contractual arrangements with IOOF in relation to the sale of its OnePath Pensions and Investments business. The coupon rate ANZ pays on the debt note subscribed by IOOF reduced from 14.4% per annum to 2% per annum as of ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... services, the sale of its life insurance business to Zurich, completing the sale of its pensions and investments business to IOOF, reducing product offering and restructuring the workforce. The spokesperson commented the sale to IOOF may take some time ...

Challenging conditions sting IOOF

HARRISON WORLEY  |  FRIDAY, 3 MAY 2019
IOOF recorded net inflows in the third quarter, but its performance suffered in comparison to the prior corresponding period. The embattled wealth manager recorded net inflows of $337 million in funds under management, administration and advice for ...

IOOF breaches APRA licence conditions

HARRISON WORLEY  |  FRIDAY, 26 APR 2019
IOOF has breached one of APRA's licence conditions by failing to establish a dedicated superannuation trustee function by the 31 March 2019 deadline. IOOF was due to meet and comply with licence conditions imposed by APRA on the embattled wealth ...

Rush of advisers sign up before FASEA deadline

ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... institutionally-aligned advisers grew just 6%. Despite the overall jump in advisers registering, Commonwealth Bank, ANZ, NAB, Westpac, IOOF and AMP recorded a reduction in numbers of 2% over the last year. NAB and IOOF are the only two big firms to increase ...

Industry fund strengthens board

ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
The former chief investment officer of IOOF has joined the board of a $2.2 billion industry superannuation fund. Stephen Merlicek has joined the board of AvSuper as an independent director. Merlicek was chief investment officer at IOOF for eight years ...