IOOF Holdings (IFL) - A tidy FY15 result

Bell Potter


IOOF divisions largely tracking as expected. The big news most are waiting for relates to the completed PWC independent report, which was due back on 14 August. The company has confirmed in relation to the PWC report that PWC has recommended some improvements such as: IFL will adopt the recommendations; IFL will provide findings to ASIC and APRA; and PWC to revisit in 6 months. The company is working with the regulators, and will continue to improve its corporate governance IOOF Outlook: “Our strong commitment to quality service and advice we have a strong base to both grow our existing businesses and pursue new market opportunities.” Read our full summary here: (VIEW LINK)

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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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