IOOF update on acquisition of ANZ P&I

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IOOF Holdings Ltd (IOOF) welcomes the receipt of the No Objection Notices from both OnePath Custodians Pty Limited (OPC) and Australia and New Zealand Banking Group Limited (ANZ) in relation to the transfer of the ANZ Wealth Pension and Investments business (ANZ P&I) to IOOF. Additionally, ANZ and IOOF have also agreed the following changes […]

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IOOF expands advice-led capabilities: ANZ Aligned Dealer Groups to join IOOF on 1 October

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IOOF Holdings Ltd (IOOF) announced on 20 July 2018 that ANZ Wealth’s aligned advice licensees and supporting teams would join IOOF on 1 October 2018, following the early completion of IOOF’s acquisition of ANZ’s Aligned Dealer Groups business. Renato Mota, Group General Manager of Wealth Management for IOOF, said “This expansion of our advice-led capabilities, […]

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IOOF to complete early on acquisition of ANZ Aligned Dealer Groups and achieve early economic completion of the Pension & Investments business

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IOOF Holdings Limited (IOOF) has announced that it will obtain legal ownership of Australia and New Zealand Banking Group Limited’s (ANZ) Aligned Dealer Group businesses (ADGs) from 1 October ahead of schedule. IOOF’s Group General Manager of Wealth Management, Renato Mota, said “It is pleasing to bring together the talent, experience and client first focus […]

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IOOF announces new Head of Research and Retirement Incomes

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IOOF Holdings Ltd (IOOF) is pleased to announce the appointment of Matt Olsen as the group’s new Head of Research and Retirement Incomes.  This role is responsible for sourcing and delivering market leading investment insights in support of financial advice and IOOF’s advice-led strategy. Commenting on the appointment, group general manager of Wealth Management, Renato […]

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Why advisers often struggle with bubbles  

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From time to time, there are finance phenomena that ignite the senses – that captures society’s imagination and interest, in a way that frankly, it probably shouldn’t. The latest phenomena one could put into this category are cryptocurrencies – and bitcoin specifically. “Although I do not have the expertise or requisite understanding of cryptocurrencies to […]

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IOOF enters strategic partnership with GROW Super

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IOOF has entered into a strategic partnership with GROW Super, one of Australia’s leading digital superannuation providers. IOOF will take a minority stake in GROW to assist in its continued growth and collaborate on innovations enhancing adviser and client engagement. Renato Mota, IOOF’s Group General Manager, Wealth Management, said: “We are pleased to be working […]

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Is the bancassurance model dead?

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Having invested billions of dollars to purchase and build insurance and wealth management divisions in the late 1990s and early 2000s, the major banks now seem to be reversing course. It began with National Australia Bank selling 80 per cent of its life insurance to Nippon Life last year, then Commonwealth Bank’s sale of CommInsure […]

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The science of successful goal setting

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Setting goals is important to achieving our dreams – they motivate strategy development, provide direction for our efforts and offer a clear picture of what success looks like.  Reaching our goals, however, as most of us will know, is no simple task.  However, treating goal setting as a science, more than art, will improve the […]

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Price is what you pay, value is what you get

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If financial advice can substantially improve your clients’ financial situation and build a more prosperous retirement, why aren’t more of us seeking advice? Many baulk at the cost. But if financial advice wasn’t good value, why is it that millions of Australians do pay for it? Renato Mota, Group General Manager, Wealth Management at IOOF […]

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IOOF appoints new head of Technical Services

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IOOF has announced the promotion of Martin Breckon to Head of Technical Services, replacing Kate Anderson who recently moved to a senior role at IOOF-owned, Bridges Financial Services. Martin has been a key member of IOOF’s technical services team since 2012 and has over twenty years’ experience in technical advice services. Prior to joining IOOF […]

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