IFL 0.83% $4.85 ioof holdings limited

ANZ Wealth Business Update Update on sale of Wealth businesses...

  1. 16,427 Posts.
    lightbulb Created with Sketch. 1016
    ANZ Wealth Business Update

    Update on sale of Wealth businesses
    ANZ provided an update on the sale of its Wealth businesses, following regulatory action against IOOF Holdings Limited
    (IOOF) announced today by the Australian Prudential Regulation Authority (APRA). APRA has advised it is seeking Federal Court approval to disqualify three executives and two directors from the industry, including its Chairman and Managing Director, for failing to act in the best interests of superannuation members.
    APRA also said it was seeking to apply additional licence restrictions on IOOF.
    ANZ agreed to sell its OnePath Pensions and Investments business to IOOF in October 2017.
    ANZ Deputy CEO Alexis George said: “Given the significance of APRA’s action, we will assess the various options available to us while we seek urgent information from both IOOF and APRA. “The work to separate Pensions and Investments from our Life Insurance business continues. There is a framework available to complete the Zurich transaction that does not involve IOOF,” Ms George said.
    Last edited by Jako8557: 07/12/18
 
watchlist Created with Sketch. Add IFL (ASX) to my watchlist
(20min delay)
Last
$4.85
Change
0.04(0.83%)
Mkt cap $1.688B
Open High Low Value Volume
$4.67 $4.90 $4.57 $12.02M 2.496M

Buyers (Bids)

No. Vol. Price($)
1 1373 $4.85
 

Sellers (Offers)

Price($) Vol. No.
$4.86 39 1
Last update - 16.10pm 18/12/2018 (20 minute delay) ?
(live)
Last
$4.87
  Change
0.04 ( 1.20 %)
Open High   Low Volume
$4.66 $4.90   $4.58 290803
Last updated 15.59pm 18/12/2018 (live) ?
IFL (ASX) Chart
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.