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

Search Results

Showing 381 - 390 of 879 results for "IOOF"

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... twice, the bank announced today. As ANZ attempts to revive its advice business after Royal Commission hearings and ahead of IOOF acquisition, chief executive Shayne Elliott admitted the bank had failed some of its financial advice customers. "We know ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
IOOF alerted shareholders to the updated performance figures for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring ...

Smaller super funds lead Roy Morgan rankings

HARRISON WORLEY  |  MONDAY, 30 APR 2018
... fourth to second on industry rankings. Catholic Super moved into third having sat sixth last month. In retail fund rankings, IOOF - with $26 billion FUM - maintained strong form and overtook Macquarie with an average customer satisfaction of 69.9%. According ...

RECAP: Advice in the Royal Commission spotlight (Days 6- 9)

KANIKA SOOD  |  FRIDAY, 27 APR 2018
... which he later became a member. Meanwhile, ANZ said it anticipated a $50 million bill for RC-related legal and other costs. IOOF updated the market on its proposed acquisition of the ANZ wealth management business, saying all regulatory hurdles to completion ...

IOOF updates market on ANZ wealth sale

KARREN VERGARA  |  TUESDAY, 24 APR 2018
IOOF gave shareholders an update on its ANZ Wealth acquisition in light of the banking Royal Commission. ANZ announced in September 2017 it will divest OnePath's pension and investments and four aligned dealer groups to IOOF for $975 million. IOOF's ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... comprises future separation transaction costs. The bank offloaded OnePath pensions and investments and aligned dealer groups to IOOF, and the life insurance arm to Zurich in October and December 2017 respectively. It anticipates the banking Royal Commission ...

Insto licensees still bleeding talent

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
... of advisers associated with non-aligned licensees increased to 36%. The big-six advice groups - that is, the big four plus IOOF and AMP - saw their adviser numbers fall by 6% to 9205. Of that cohort, only IOOF saw an increase in its adviser footprint. ...

New insurance lead at industry fund

JAMIE WILLIAMSON  |  WEDNESDAY, 4 APR 2018
... Superannuation Savings Trust and AMP Super Directions followed by Colonial Super Retirement Fund, OnePath Masterfund and IOOF Portfolio Service Superannuation Fund.

Less than half of all super funds are gaining new members

ALEX DUNNIN  |  THURSDAY, 29 MAR 2018
... Superannuation Savings Trust and AMP Super Directions followed by Colonial Super Retirement Fund, OnePath Masterfund and IOOF Portfolio Service Superannuation Fund. In terms of the number new members, i.e., before discounting exits and closed accounts ...

Aussie asset consultant appoints new chief executive

DARREN SNYDER  |  THURSDAY, 22 MAR 2018
... head of investment management in the chief investment office of ANZ Global Wealth. Additionally he has held positions with IOOF and NAB. Frontier Advisors chair Gabriel Szondy said the board had been patient in finding the type of experience, skills ...