IOOF names new SFG CEO
IOOF has named a new chief executive for Shadforth Financial Group.
The company announced today that it had recruited News Corp Australia general manager, Angus Benbow to the role.
It noted that Benbow had previously held positions at Perpetual where he was focused on high net worth clients.
Confirming the appointment, IOOF managing director, Chris Kelaher said he believed Benbow would bring experience in financial services, business strategy and general leadership.
Kelaher paid tribute to the strong contribution of previous CEO Nick Bedding who left SFG in late August for a career break after seven years at the company.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.

