Wealth manager IOOF hit with class-action lawsuit

Australia's second-largest wealth manager, IOOF Holdings, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure obligations. The class-action lawsuit is the ninth against a major financial firm since the banking royal commission last year uncovered widespread misconduct in Australia's financial system, including charging customers fees for no service and deception of […]

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The vanishing middle manager

Can business schools re-invent their role, asks Ajit Balakrishnan.Illustration: Dominic Xavier/Rediff.com Business schools are in such a period of boom — with the leading ones struggling to deal with the flood of applicants and leading recruiters coming through with eye-popping sums as starting salaries for their students — that it is easy to ignore some worrying signals, which could threaten […]

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