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IOOF Holdings Ltd (IFL.AX)

IFL.AX on Australia Stock Exchange

7.30AUD
18 Oct 2019
Change (% chg)

$0.25 (+3.55%)
Prev Close
$7.05
Open
$7.31
Day's High
$7.47
Day's Low
$7.26
Volume
4,820,421
Avg. Vol
1,847,229
52-wk High
$7.98
52-wk Low
$4.20

Latest Key Developments (Source: Significant Developments)

IOOF Says Deadline For APRA To Lodge An Appeal Has Lapsed
4:04am IST 

Oct 18 (Reuters) - IOOF Holdings Ltd ::APPEAL DEADLINE ON FEDERAL COURT PROCEEDINGS LAPSES.DEADLINE FOR APRA TO LODGE AN APPEAL WAS DUE TO LAPSE TODAY AND APRA HAS ANNOUNCED THAT IT WILL NOT APPEAL MATTER..REFERS TO DECISION BY FEDERAL COURT OF AUSTRALIA REGARDING PROCEEDINGS BROUGHT BY APRA AGAINST TWO OF IOOF'S APRA REGULATED ENTITIES.IOOF CONTINUES TO WORK TOWARDS COMPLETION OF ANZ P&I BUSINESS ACQUISITION.  Full Article

APRA Notes Judgment In Its Court Action Against IOOF Entities, Directors & Execs
Friday, 20 Sep 2019 

Sept 20 (Reuters) - AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY::AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY (APRA) NOTES JUDGMENT IN ITS COURT ACTION AGAINST IOOF ENTITIES, DIRECTORS AND EXECUTIVES.EXAMINING LENGTHY JUDGMENT IN DETAIL AND WILL THEN MAKE A DECISION ON WHETHER TO PURSUE AN APPEAL.ADDITIONAL LICENCE CONDITIONS THAT APRA IMPOSED ON IOOF IN DECEMBER ARE UNAFFECTED BY FRIDAY’S JUDGMENT AND REMAIN IN FORCE.COURT DISMISSED APPLICATION FOR FINDING IOOF ENTITIES, DIRECTORS & EXECUTIVES CONTRAVENED OBLIGATIONS IN SUPERANNUATION INDUSTRY SUPERVISION ACT.CASE CANNOT PROCEED TO A HEARING ON PENALTIES, INCLUDING DISQUALIFICATION."STILL BELIEVES THIS WAS AN IMPORTANT CASE TO PURSUE GIVEN NATURE, SERIOUSNESS & NUMBER OF POTENTIAL CONTRAVENTIONS APRA IDENTIFIED WITH IOOF".HAS SEEN SIGNIFICANT IMPROVEMENT IN THE LEVEL OF COOPERATION FROM IOOF SINCE THE CASE WAS LAUNCHED.  Full Article

IOOF Holdings Updates On Court Proceedings Brought By APRA
Friday, 20 Sep 2019 

Sept 20 (Reuters) - IOOF Holdings Ltd ::IOOF UPDATE ON FEDERAL COURT PROCEEDINGS.COURT ALSO DECLINED TO MAKE DISQUALIFICATION ORDERS SOUGHT AGAINST FIVE INDIVIDUALS, AND AWARDED COSTS IN IOOF'S FAVOUR.WELCOMES DECISION BY FEDERAL COURT OF AUSTRALIA IN RELATION TO PROCEEDINGS BROUGHT BY APRA AGAINST IOOF'S APRA REGULATED ENTITIES.CURRENTLY REVIEWING WRITTEN JUDGMENT IN DETAIL AND EXPECTS TO ISSUE A FURTHER ANNOUNCEMENT IN DUE COURSE.COURT HELD THAT IOOF'S APRA REGULATED ENTITIES AND FIVE INDIVIDUALS DID NOT CONTRAVENE SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 (CTH).COURT DECLINED TO MAKE DISQUALIFICATION ORDERS SOUGHT AGAINST 5 INDIVIDUALS, AND AWARDED COSTS IN IOOF'S FAVOUR..  Full Article

IOOF Holdings Posts FY Underlying Net Profit After Tax Of $198 Mln
Monday, 26 Aug 2019 

Aug 26 (Reuters) - IOOF Holdings Ltd ::FINAL DIVIDEND OF 12.0 CENTS PER SHARE.FY UNDERLYING NET PROFIT AFTER TAX $198 MILLION, UP 3%.FY REVENUE FROM SHAREHOLDER ACTIVITIES $1.06 BILLION, UP 40%.FY PROFIT FROM ORDINARY ACTIVITIES AFTER TAX ATTRIBUTABLE $28.6 MILLION, DOWN 68%.  Full Article

IOOF Holdings Posts FUMA Of $149.5 BLN As At 30 June 2019
Thursday, 25 Jul 2019 

July 25 (Reuters) - IOOF Holdings Ltd ::FUNDS UNDER MANAGEMENT, ADVICE AND ADMINISTRATION (FUMA) OF $149.5 BILLION AS AT 30 JUNE 2019.  Full Article

IOOF Holdings Updates On APRA License Conditions
Wednesday, 22 May 2019 

May 22 (Reuters) - IOOF Holdings Ltd ::REMAINS CONFIDENT OF MEETING APRA'S DEADLINE OF END OF JUNE 2019 FOR IMPLEMENTATION & MAINTENANCE OF OFFICE OF SUPERANNUATION TRUSTEE.  Full Article

IOOF Holdings Updates On ANZ P&I Business Acquisition
Monday, 13 May 2019 

May 13 (Reuters) - Ioof Holdings Ltd ::UPDATE ON ANZ P&I BUSINESS ACQUISITION.RECEIPT OF APPROVAL FROM APRA MAY BECOME CONDITION TO COMPLETION OF P&I BUY FOLLOWING RECENT AMENDMENTS TO SUPERANNUATION INDUSTRY ACT.  Full Article

IOOF To Acquire Bendigo Financial Planning Book
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Ioof Holdings Ltd ::IOOF TO ACQUIRE BENDIGO FINANCIAL PLANNING BOOK.DEAL FOR CASH CONSIDERATION OF $3 MILLION ON COMPLETION.UNIT ENTERED INTO A STRATEGIC PARTNERSHIP WITH BENDIGO AND ADELAIDE BANK LTD.UNDER DEAL, BRIDGES TO TAKE OWNERSHIP OF BENDIGO FP'S CLIENT BOOK AND SERVICING RIGHTS, AMONG OTHERS.IOOF- UNDER DEAL, BRIDGES TO PROVIDE ONGOING FINANCIAL PLANNING SERVICES TO CLIENTS OF BENDIGO REFERRED TO BRIDGES VIA EXCLUSIVE REFERRAL ARRANGEMENT.  Full Article

IOOF Holdings Says Allan Griffiths Elected As Non-Executive Chairman
Thursday, 4 Apr 2019 

April 4 (Reuters) - IOOF Holdings Ltd ::ALLAN GRIFFITHS HAS BEEN ELECTED AS INDEPENDENT, NON-EXECUTIVE CHAIRMAN.  Full Article

IOOF Holdings Says Co Expects To Incur $20 Mln-$30 Mln In Compliance, Regulatory Costs
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - IOOF Holdings Ltd ::EXPECTS TO INCUR $20 MILLION-$30 MILLION IN COMPLIANCE AND REGULATORY COSTS COMMENCING IMMEDIATELY AND INTO FY20.  Full Article

Australia's IOOF Holdings to pick ANZ pension assets cheaper, shares jump

Australia's IOOF Holdings said on Thursday it agreed on a cheaper purchase price for Australia and New Zealand Banking Group's pension assets, giving its shareholders another reason to rejoice after a landmark court case win last month.