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Adele Ferguson

Timber fight another blow to IOOF

If the current controversies and challenges surrounding embattled wealth giant IOOF aren't bad enough, it's about to get worse.

Besides battling a shattered reputation and a legal action brought by the prudential regulator against five executives and directors, including IOOF boss Chris Kelaher and chairman George Venardos, which wants them banned from acting as super trustees for allegedly not working in the best interests of members, another legal case is quietly bubbling away.

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Adele Ferguson is a Gold Walkley Award winning investigative journalist. She reports and comments on companies, markets and the economy. Connect with Adele on Twitter. Email Adele at adele.ferguson@theage.com.au

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    Original URL: https://www.afr.com/companies/financial-services/afr10adele-ioof--20190310-h1c7hb