Business
IOOF funds pass $200b despite super outflows; execs take pay cut – Sydney Morning Herald
IOOF has reported a record level of funds under management while executives trim bonuses and pay ahead of the company’s full year results and the CEO warns of greater economic uncertainty to come.
The recent uptick in sharemarkets had been the major contributor to the increase in FUMA by $6.7 billion for the quarter, according to Mr Mota, but he warned of the ongoing financial impact of the coronavirus crisis.
The FUMA growth came despite net outflows of $93 million in the firm’s core financial advice business, $51 million in its investment management business and $183 million from the former ANZ pensions and investments business. The outflows were offset by $398 million in net inflows t…
-
Noosa News24 hours agoCar discovered in search for missing mother Tayla Spies last seen in rural Queensland two months ago
-
Business23 hours agoHow your ASX shares may be impacted by US tariffs
-
Noosa News23 hours agoSunshine Coast police saturate roads and beaches this Easter
-
Noosa News23 hours agoIf You’re Keen for an Almost Five-Minute Sneak at ‘Superman’, James Gunn Has Unveiled Exactly That