IOOF liability ‘plain as a pike staff’, APRA says at start of trial

Financial Services 2019-07-01 10:47 pm By Amelia Birnie | Sydney

The prudential regulator has opened the first day of its case against IOOF directors and entities by claiming the wealth manager’s liability is “plain as a pike staff”, as IOOF contends the regulator’s case is “artificial and theoretical” and “overly simplistic”.