Business
IOOF ‘expands reach’ in $820b wealth platform market – The Australian Financial Review
Wealth giant IOOF increased its funds under management, advice and administration by $529 million over the September quarter despite the coronavirus downturn.
“The broad-ranging impacts of COVID-19 have continued to affect flows, particularly early release of super. However, our scale, economic diversity and business strength contributed to a steady FUMA position,” IOOF chief executive Renato Mota said in a statement to the ASX.
“It has been pleasing to see the business continue to make progress on key transformation deliverables as well as progress in the approvals of and preparation for the acquisition of MLC.”
Total net inflows for its wealth platforms…
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