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IOOF
Financial planning
Aggrieved investors of AM Corporation’s LifeTrack Diversified Traded Policies (DTP) fund have formally appointed litigation funding firm IMF (Australia), as momentum for ...
Financial planning
IOOF is facing potentially damaging legal action from aggrieved investors who lost money in traded policies with AM Corporation (AM Corp)....
Editorial
IOOF has reported strong fundamentals for the 2003 financial year with revenue up 32 per cent to $160 million and an after-tax profit of $34 million, which compares to th...
People & Products
Perennial Investment Partners has moved to cut the apron strings from founding shareholder, IOOF, with the latter’s executives stepping down as board directors clearing t...
Financial planning
IOOF yesterday launched its Portfolio Services (IPS) platform, a combination of the group’s discontinued MAX and LifeTrack brands, in response to financial adviser and in...
Financial planning
Staff rationalisation at both IOOF and AM continued last week with another 50 staff being retrenched but IOOF managing director Rob Turner says the group’s long awaited l...
Financial planning
Colonial First State (CFS) has signed IOOF retail funds management general manager Richard Nunn to the general manager distribution role recently vacated by Michael Cant....
Financial planning
Advisers with AM Corporation will receive a part share of the proceeds from the sale of the business to IOOF after former majority owner and found David Smith indicated h...
Financial planning
Badging’s success is unrivalled in getting planners to make use of them. Jason Spits looks at where the numbers fall....
Financial planning
Absolute Capital has completed a management buyout of its minority shareholder Martplace (formerly AM Financial), and plans to take full control of the company by buying ...
Financial planning
A number of senior AM Corporation staff, including managing director Trevor Howell and group general manager Graham Davison, have left the group after its purchase by IOO...
Financial planning
Geof Marsh has joined Morningstar as Australian national account executive, and will now be responsible for managing and developing the research house’s relationships wit...
Financial planning
IOOF’s purchase of AM Corporation spells the end for the latter’s brand, but as John Wilkinson writes, the best parts will live on....
Financial planning
Advisers who recommended AM Corporation products will still receive a one-off payment after IOOF confirmed it was in talks with AM Corp management regarding the pay out....
Financial planning
About 30 staff from AM and IOOF have been retrenched as part of the rationalisation of the two groups....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...