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|IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services. At its half year results yesterday, IOOF reported an expected BOLR spend ...|
|... them so that can eventuate in the years to come." Financial Stability and YS Financial Planning were previously part of the IOOF network. Financial Stability is led by Sonia Turkovic, who has over 30 years' experience in financial planning. YS Financial ...|
|... Westpac Pacific and NZ Wealth advisory; returning 300 out of 1000 offshore jobs to Australia and ending its relationship with IOOF.|
|... joins Lifespan after five years as regional manager at Elders Financial Planning, before the dealer group was shuttered by IOOF. Earlier in his career he was a practice development manager at BT owned dealer group Securitor. Ng joins from platform provider ...|
|IOOF is set to pay tens of millions in compensation after losing an appeal involving its subsidiary Australian Executor Trustees (SA) Limited. The Court of Appeal dismissed AET's appeal against a decision made by the Supreme Court of New South Wales ...|
|... before becoming acting managing director in November 2020, after Geoff Lloyd departed following the sale of MLC Wealth to IOOF. Morgan was previously chief financial officer for Commonwealth Bank's wealth management arm and chief financial officer of ...|
|IOOF has seen over $1 billion in outflows from its advice business in the second quarter due to its business transformation program known as Advice 2.0. The company's funds under management saw losses of $400 million in the quarter to 31 December 2020. ...|
|Jim Pavlidis has been banned from providing financial services for three years, after it was revealed he was not adequately trained. ASIC said that a review of the advice given by Pavlidis between 2004 and 2018 found that he failed to provide financial ...|
|A wrongful dismissal case brought by a former IOOF employee detailing sexual harassment and gender discrimination among colleagues has once again shone an unwanted spotlight on the financial services industry, calling into question the sector's ...|
|... were acquired via Ord Minnett's Portfolio Administration Service. December quarter was an eventful one for HUB24: it won IOOF from BT, in November it finished the acquisition of Ord Minnett's Portfolio Administration Service and is currently ...|
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform.
PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.
Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.
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