(xx) Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry Shareholder returns IOOF Holdings Ltd - Appendix 4D for the six months ended 31 December 2017 The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) was established on 14 December 2017 by the Governor-General of the Commonwealth of Australia. The conduct and activities of the IOOF Group are included in its terms of reference and the IOOF Group has lodged a submission with the Commissioner pursuant thereto. An initial public hearing was held on 12 February 2018 and the Commissioner is authorised to submit an interim report no later than 30 September 2018. The final report is due by 1 February 2019. Given those dates it is unclear at the date of reporting what impact the Royal Commission will have on the IOOF Group and the wealth management industry within which it operates. The IOOF Group has engaged external counsel and retains a compliment of qualified staff to ensure it is able to interact appropriately with the Royal Commission.
IFL Price at posting:
$9.54 Sentiment: Buy Disclosure: Held
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