Business
Marched financial advisers rip $2b out of IOOF – The Australian Financial Review
IOOF’s assets under management took a hit as financial advisory firms deemed undesirable were marched in the wealth manager’s purge of its network.
That was offset by $700 million flowing into IOOF by way of new firms joining its licences.
The quarterly update follows the corporate regulator singling IOOF out on Monday for historic misconduct, with a probe of financial advice files finding up to 17 per cent exposed clients to potential detriment.
Mr Mota told the The Australian Financial Review the ASIC findings largely pre-dated the introduction of new audit standards for the IOOF financial advice operations, under which 140 individual advisers…
-
Noosa News10 hours agoPrincess Anne visits Gallipoli Barracks in Brisbane on Remembrance Day as Australian tour ends
-
General18 hours agoHungarian British author David Szalay wins Booker Prize 2025 for his novel Flesh
-
Noosa News8 hours agoRoyal visit to Gallipoli Barracks in Enoggera on Remembrance Day
-
General10 hours ago‘Do you care?’: Coles stares down anti-salmon activists