IOOF Holdings Limited
(ASX:IFL) has launched an independent review in the same week claims emerged alleging senior staff had not communicated internal misconduct to regulators.
The financial services group has engaged PricewaterhouseCoopers (PwC) to investigate its regulatory breach reporting policy and procedures.
While IOOF believes all historic issues have been addressed it hopes the review will provide clients and stakeholders with confidence in the company.
IOOF says the review will be thorough and the outcomes will be communicated to the Australian Securities and Investments Commission (ASIC) and Australian Prudential Regulation Authority (APRA).
IOOF Holdings reported a net profit of $66.99 million in the first half of the 2015 financial year.
