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

Search Results

Showing 71 - 80 of 847 results for "IOOF"

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
IOOF reported an underlying net loss after tax of $143.5 million for FY21, as it cleans out legacy arrangements and integrates recent acquisitions. Revenue for the year was $769.9 million (up 31%), of which $69.1 million came from MLC and $700.8 million ...

Consultum chief joins new firm

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
The former chief executive of IOOF-aligned Consultum Financial Advisers has found a new role. Joe Botte joined boutique dealer group ASVW Financial Services (ASVWFS) as executive director. "Joe is a very committed and effective executive with an extensive ...

Industry funds to dominate in 2025

KARREN VERGARA  |  TUESDAY, 24 AUG 2021
... retail groups like AMP and BT will remain large players, they aren't growing at the same rate as the biggest NFP funds. "IOOF group, which now includes MLC and ANZ super funds, will challenge this, however, but at this stage they are still separate ...

NAB to buy Citigroup's Australian consumer banking business

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... transaction includes Citi's private wealth management business. "NAB has recently completed the sale of its MLC Wealth Business to IOOF with its retained wealth businesses focused on servicing high net worth and self-directed segments, through its Private ...

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... lowest amount, its bill stood at $4.6 million. ANZ has either paid or offered to pay just shy of $97 million. In October 2018, IOOF Holdings took ownership of ANZ's aligned dealer groups (ADGs) comprising Millennium3 Financial Services, RI Advice ...

Contango appoints two distribution leads

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
... distribution efforts at Totus Capital and QVG Capital. His experience in financial services includes working in firms such as IOOF, BT Financial Group and Ausbil Investment Management. Reporting to Aitken, Fitter has been promoted to head of distribution ...

Shadforth appoints Queensland head

KANIKA SOOD  |  TUESDAY, 3 AUG 2021
... advice group has about $14.5 billion in funds under advice across Australia working for over 11,000 families. It is owned by IOOF and had 137 advisers at June end. IOOF also owns o ther advice groups including RI Advice (264 advisers), Millennium3 (242) ...

RI Advice failed oversight obligations: Court

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... representative of RI Advice between May 2013 and June 2016, when it was owned by ANZ Banking Group. RI Advice is now owned by IOOF Holdings. The case was under the spotlight at the Hayne Royal Commission. ASIC commenced proceedings against RI Advice ...

IOOF advice outflows soar

ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... following its transformation strategy. Financial advice recorded $2.2 billion in outflows from 33 advisers departing from IOOF's self-employed advice business. However, the group said this was expected under its Advice 2.0 strategy. The outflows were ...

IOOF buys $68m retail property

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
IOOF has added a $68 million Sydney retail property to its unlisted property portfolio. Great Western Centre is located in Minchinbury in western Sydney and in close proximity to Parramatta. It is also close to Bradfield where the new Western Sydney ...