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For more information please visit our COVID-19 News Page . Ensuring the safety, health and welfare of our people and our clients. Will these global superpowers ‘reboot’ and boost global share market returns?Renato Mota, discusses his journey and the reshaping of IOOF.Supporting Australians with financial education and guidance.At IOOF, we are proud to support National Reconciliation Week 2020.CEO Renato Mota hosts a live Q&A session with Senator Jane Hume.2019 was an unusually strong year for returns with risk assets such as shares and defensive assets such as government bonds both delivering returns well above their long-run averages.

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Make better financial decisions and achieve your goalsReach your financial goals with the right investment solutionsLive the life you want in retirement by getting your super savings on trackEnjoy the retirement you deserve by being financially preparedProtect the future of your family and those you care aboutIOOF has been recognised in the 2020 Fund Manager of the Year Awards.Markets have performed strongly even as we remain in the midst of a deep recession and a worsening global pandemic.IOOF performed well in recent Chant West and SuperRatings surveys.In response to the economic impact of the Coronavirus, the Government has announced a number of initiatives to help individuals and businesses at this uncertain time.How are the US and China currently placed in tackling the deep global recession caused by the COVID-19 pandemic?

July/August IOOF News: Share this page Announcements. "The historical matters subject of the proceedings were disclosed to APRA a number of years ago.The banking royal commission has shown evidence of lies, deceit and fraud. Still, the shares are a long way short of their recent highs of $10.95 last March.Despite the issues raised in the royal commission, IOOF confirmed it was still on track to complete a $1 billion deal to buy ANZ’s superannuation business.Ratification of the deal is required by ANZ’s independent superannuation board OnePath Custodians.

Scandal-hit financial advice and wealth group IOOF Holdings is taking action to redeem itself with the financial regulator and investors as its two most senior executives remain sidelined awaiting court action.After its appearance at the banking royal commission, the Australian Prudential Regulation Authority made an unprecedented move to seek orders from the Federal Court to prevent chief executive Chris Kelaher, chairman George Venardos and three other executives from sitting on super fund boards, for allegedly failing to act in the interest of fund members.Mr Kelaher and Mr Venardos are on paid leave until at least the second half of this year, when they will defend the action.Mr Kelaher was temporarily replaced by wealth management boss Renato Mota, and non-executive director Allan Griffiths stepped in as interim chairman for Mr Venardos.APRA also issued a show cause notice to impose 12 additional licence conditions on IOOF.Mr Mota confirmed as the company released its half year results that seven of the APRA items had already been implemented, with the remainder expected to be completed by June 30.Investors took heart from the news, pushing IOOF's shares up more than 17 per cent to $6.18. Shine Lawyers have secured funding for a shareholder class action that stretches back to share price losses following allegations of misconduct aired by The Age and Sydney Morning Herald in 2015.Delays to IOOF's purchase of ANZ's wealth arm have eaten into in its underlying interim profit, as analysts question whether it has set aside enough funds for remediation.The financial regulator has given its stamp of approval for IOOF to buy ANZ Bank's superannuation business.The bank boss was also quizzed on the environment and secondary boycotts.A former ANZ-owned advice business faces court action over a planner who allegedly put people approaching retirement into complex investment products.Corporate governance and compliance to be stepped up as part of business restructureANZ Bank will receive $125 million less than previously expected for its superannuation business, which it has agreed to sell to IOOF.The whistleblower who revealed serious wrongdoing at IOOF speaks for the first time about blowing the whistle and the toll it took on his mental health and relationships.An IOOF trustee company has been found liable to pay compensation to thousands of investors for breaching its duties.Regulator's case described as "unpersuasive" and ordered to pay costsAPRA suffers a humiliating defeat in the federal court in a legal case described as having systemic weaknesses.Company | IFL | IOOF News, Analysis, Announcements and Results | The Sydney Morning Herald "We have learned from a tough past 12 months... we need to set higher standards and are accelerating our governance procedures. "IOOF has been working cooperative with APRA to actively implement various agreed initiatives, which were most recently outlined at the 2018 Annual General Meeting," the company said in a statement. About us. "IOOF has already addressed or is addressing them, and it has been constructively working with APRA to this end. The regulator alleged on Friday that Mr Kelaher and Mr Venardos failed to act in their superannuation members' best interests. The payment date is March 15.Stephen is Investment Editor at The Age and Sydney Morning Herald. "HODGE: "Can I suggest it would be impossible for members to make a demand or a complaint because they didn't know what Questor was doing. He writes about personal finance issues and markets as well as editing Money. "I am confident the ANZ deal will go through," Mr Mota said.The company has completed the acquisition of the dealer groups and IOOF and ANZ also agreed to accelerate the economic completion of the transaction.Mr Mota said IOOF had received $28.9 million — equivalent to 82 per cent of the profitability of the pensions and investments business — in the first half.He said there were $65 million in pretax synergies from the ANZ deal, should it be approved.

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