IOOF Holdings Ltd

ASIC presses super trustees to refund for higher default ‘smoker’ premiums

After an ASIC investigation, nine super After an ASIC investigation, nine super trustees have ceased charging new members life insurance premiums at higher smoker rates after labelling them as “smokers” by default.

IOOF 1H20 results signal ‘new era’

Financial Services company IOOF Holdings Ltd has reported a 5.2% rise for 1H20 in funds under management, advice and administration (FUMA) on 1H19, while 1H20 statutory net profit after tax was down 15% to $115m.