IOOF says nothing to hide

Company News


IOOF Holdings Limited (ASX:IFL) says it firmly rejects claims from Maurice Blackburn that it has engaged in deceptive conduct.
 
Law firm Maurice Blackburn is calling for shareholders of the financial services group to join a class action over various breaches.
 
IOOF launched an independent review back in June following allegations senior staff had not communicated internal misconduct to regulators but insisted all issues had been addressed. 
 
In a statement to the ASX yesterday IOOF says it complies with all laws in relation to continuous disclosure and will vigorously defend any claims otherwise.
 
IOOF reported a net profit of $140.5 million for the 2015 financial year. 

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