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APRA approval granted for ANZ P&I acquisition

On Monday 9 December 2019, IOOF received approval from the Australian Prudential Regulation Authority (APRA) to hold the controlling stake in OnePath Custodians Pty Limited and Oasis Fund Management Limited.

This approval was the final requirement in relation to the transfer of the ANZ pensions and investments (P&I) business to IOOF and we are working with ANZ to complete the transaction on 31 January 2020.

This transaction places IOOF firmly on the path to becoming Australia’s leading advice-led wealth management organisation.

For more information, please read the ASX release.