IOOF.docx - IOOF (company) IOOF Holdings Limited IOOF...

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IOOF (company)IOOF Holdings LimitedIOOF company logo.jpgTypePublicTraded asASX: IFLIndustryDiversified FinancialsFounded1846HeadquartersMelbourne, AustraliaKey peopleChairman, Allan Griffiths; CEO, Renato Mota[1]ProductsAdvice, investment, superannuation and trustee servicesOwners30,000 approx.WebsitePart of a series onOdd FellowsGeneral articlesGoverning bodiesAuxiliariesand appendant bodiesPeopleFinancial services
BuildingsvteContents1About2History of IOOF3IOOF Operations3.1Financial Advice3.2Investment Management3.3Superannuation3.4Estate & Trustee Services4Acquisitions4.1Acquisition of MLC4.2Acquisition of ANZs Pensions and Investment (P&I) Business4.3Other IOOF Subsidiaries [20]5Structure: Executive Team6IOOF Foundation6.1Application Guidelines6.2Foundation Partners[26]7Criticism7.1MLC Takeover
7.22018 Disqualification of Top executives8References9External linksAboutIOOF Holdings Ltd is an ASX 200 listed financial services company which provides clients witha range of products and services including Financial Advice, Investment Management,Superannuation and Estate and Trustee Services.The company was founded in 1846 as a friendly society which was formed to provide aid to itsmembers throughout times of sickness and unemployment as many friendly societies wereformed before the wide-spread introduction of government welfare packages. The society fundedthese activities through joining fees and re-occurring membership fees. [2]IOOF has since grown with offices located in Sydney, Melbourne, Perth, Adelaide, Brisbane andHobart. It currently services approximately 1 million customers and employs roughly 2000employees. [3]As of 31 December 2020, IOOF had Funds under Management, Administration and Advice(FUMA) of $202.4 billion making it one of Australia's largest financial companies. [3]History of IOOFIOOF originated as a friendly society with roots leading back to England and the United States ofAmerica. [4] The majority of these societies were formed before government intervened toprovide financial welfare where for a small membership fee, members would receive financialaid and protection for themselves and their family in times of sickness, death and old age [4].[2]
These friendly societies were particularly socially-oriented holding regular meetings whichprovided entertainment. This emerged particularly in rural and mining communities.[2]Originally named the 'Independent Order of Odd Fellows', IOOF was brought to Australia andestablished in Sydney in 1836, but was quickly abolished by the disruption to society caused bythe goldrush in Victoria. As such, IOOF flourished in Victoria and almost fully disappeared inSydney.[4]Friendly Societies had its greatest expansion during in Australia during the late 19th and early20th century.[5] In fact, a paper published by the Liverpool University Press in 1909 showed that

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Term
Spring
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Tags
Financial services, Management occupations

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