News Articles for Insignia Financial

Prominent cricketer, sports administrator and business executive John B (Sam) Gannon has passed away at the age of 73.

Wealth manager IOOF Holdings will acquire National Australia Bank's wealth business, MLC, for $1.44 billion to help save costs and expand its reach.

ASIC has ordered IOOF Holdings to make sure a majority of directors have appropriate skills and experience to support its business as a wealth manager.

IOOF managing director Christopher Kelaher has left the business, as the beleaguered wealth manager focuses on restoring trust amid a shareholder class action and court action by the prudential regulator.

IOOF Holdings faces a class action over the beleaguered wealth manager's alleged failure to tell shareholders about APRA's concern over possible breaches of superannuation laws.

Wealth manager IOOF Holdings says its buyout of pension assets from ANZ Banking Group has been delayed by at least three months, as fallout from a damaging finance sector inquiry hits dealmaking.

IOOF Holdings' managing director and chairman have stepped aside following moves by the prudential regulator to disqualify the beleaguered wealth manager's top brass.

Shares in IOOF Holdings have lost more than a quarter of their value after the prudential regulator moved to disqualify the beleaguered wealth manager's top brass and impose new licence conditions.

ANZ has agreed to sell its life and consumer credit insurance business OnePath Life to international insurance giant Zurich for $2.85 billion.

In this week's edition of Business News Background, head of content Mark Pownall and news editor Mark Beyer discuss Woodside Petroleum's exit from Leviathan, Craig Serjeant and John Gannon's SFG takeover by IOOF Holdings, Shell to take a whole tower in the new Kings Square development, worker shortage in the LNG sector but job shortage for engineers and a huge pull-out feature in our paper this week - Giving Well, your guide on giving.

Perth financial planners and former Test cricketers John "Sam" Gannon and Craig Serjeant are set to be two of the big winners from a $670 million takeover deal that will create Australia's third largest wealth manager.

Shares in Perth-based funds manager Plan B are soaring after national wealth manager IOOF Holdings announced a $49.1 million takeover proposal.