On The Money Podcast Ep.10: IOOF Controversy and Economic Lunatics
Welcome to the On the Money Podcast, your weekly run down on all things financial. On the show this week: what is happening with the IOOF?
The financial advice company IOOF is in hot water after APRA’s action wipes over $900 million off the share market, and with their Managing Director and Chairman facing court over claims of mismanagement. These annoucements could not have come at a worse time as the company is planning to purchase ANZ’s superannuation business, OnePath Super, later this year. The two Directors have since been removed, and the new CEO, Alan Griffith, is asking the public to trust them once more. All indications are that the deal will still go ahead – but should it? Daniel Elison discusses the latest developments with Jerry Parwada, Professor of Finance at UNSW and AGSM Fellow.
On The Money premiers their brand new segment – Hot Off The Press – wherein our producers give you the lowdown on all the hottest finance, business and economics events and new media. The segment launch features an interview with Dominic Kelly, author of Political Troglodytes and Economic Lunatics, who sits down with producer Veronika Aleshina to discuss the history of Australia’s industrial relations, and the evolution of the Hard Right, neo-liberal attitudes we are witnessing play out within our economy today.
Also on the show: how do we improve accessibility to peer-reviewed academic articles? Guest producer Michael Lester from Northern Beaches FM speaks with Professor Virginia Barber from the Queensland University of Technology interrogate the peer-review publication business model.
Image by Veronika Aleshina.