Most Recent
ASIC uncovers ‘deficiencies’ in advice by IOOF units
Financial Services 2021-04-26 1:53 pm By Cat Fredenburgh

An ASIC review has found that 17 per cent of clients of IOOF unit RI Advice may have been exposed to harm, one month after […]

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ASIC triumphs in ‘bad advice’ case against IOOF unit
Financial Services 2021-03-24 12:29 pm By Miklos Bolza

A former financial advisor employed by an IOOF unit accused of taking hefty commissions for steering investors towards risky investments contravened the financial advice provisions […]

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‘Completely futile’: ASIC resists mediation push from judge concerned about cost of IOOF trial
Financial Services 2021-02-08 12:25 pm By Spencer Fowler Steen

A judge has ordered ASIC to enter mediation before heading into a “very expensive” trial with an IOOF subsidiary accused of giving shonky advice, over […]

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Sparke Helmore off the hook as IOOF unit loses appeal of $76M judgment
Appeals 2021-02-05 6:34 pm By Miklos Bolza

IOOF subsidiary Australian Executor Trustees failed to drag law firm Sparke Helmore into a case after it was hit with a $76.6 million judgment over […]

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Senior IOOF executive accused of sexually harassing employee at her wedding
Employment 2021-01-15 3:25 pm By Miklos Bolza

A former portfolio manager of IOOF has sued the firm for discrimination and breaches of the Fair Work Act, alleging she was groped on the […]

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All judge wants for Christmas is IOOF class action evidence
Class Actions 2020-12-16 4:39 pm By Miklos Bolza

A Federal Court judge taking over a shareholder class action against IOOF Holdings from a recent High Court appointment has lamented the lack of progress […]

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IOOF sacked communications chief after she revealed mental disability, suit says
Employment 2020-10-01 11:53 am By Cat Fredenburgh

The former communications chief for IOOF claims she was terminated after revealing she suffered from a mental disability and sought a less stressful role. Jane […]

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IOOF unit can’t stop ASIC from using royal commission evidence
Financial Services 2020-09-07 6:37 pm By Miklos Bolza

An IOOF subsidiary sued over “bad advice” has failed in its bid to stop ASIC from using documents from the banking royal commission as evidence […]

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$1.4B MLC acquisition puts IOOF on the hook for class actions, ASIC case
Financial Services 2020-08-31 9:59 pm By Miklos Bolza

Financial services giant IOOF Holdings will be on the hook for any judgments or settlements reached in two class actions and an ASIC lawsuit as […]

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IOOF admits head of research had underlings take his compliance training
Class Actions 2020-07-20 6:09 pm By Christine Caulfield

IOOF has admitted that some allegations in an employee complaint at the centre of a shareholder class action were “substantially true”, including claims that it […]

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