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Showing 331 - 340 of 879 results for "IOOF"

Australian Ethical divests IOOF

KARREN VERGARA  |  FRIDAY, 18 JAN 2019
Australian Ethical is in the process of divesting its $8.8 million stake in IOOF. Australian Ethical head of ethics research Stuart Palmer said the decision was driven by IOOF's failure to put governance and conflicts management arrangements into ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with IOOF that will allow for the legal ...

Advice groups sign on to HUB24

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... $860 billion market). It is followed by AMP Group (17.4%), CBA (14.9%), NAB (13.8%), Macquarie(10.1%), ANZ Wealth (4.7%) and IOOF (4.2%). Mercer, Netwealth and tateplus each have less than 3% share.

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
APRA's licence conditions imposed on IOOF require the wealth manager to begin 2019 with the appointment of an independent reviewer who will report to the regulator quarterly. The independent reviewer's role will be to report on IOOF's progress ...

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 ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... chief Dante De Gori over its handling of a compliant letter it received from McKenna in July 2017. APRA takes action against IOOF The latest wealth manager to become embroiled in a Royal Commission scandal (at the time of publication), IOOF was dealt ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... earnings. ANZ is yet to state any changes in their position on the payments, though ANZ has now sold its advice dealer groups to IOOF - a group which is also yet to make a move on grandfathered commissions. Grandfathered commissions do have at least ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... structure and culture since 2016. It was only last week that it decided to take a firm hand and commence proceedings against IOOF in the Federal Court of Australia. APRA chair Wayne Byres recently told the last round of the Royal Commission that the ...

IOOF future uncertain: Morningstar

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
The planned sale of ANZ Wealth to IOOF is under threat as a result of the uncompromising action of APRA. As such, Morningstar has placed the stock IOOF Holdings under review. Morningstar described the action brought against IOOF by APRA as a major hit ...