IOOF and ANZ are continuing to work towards completing IOOF's purchase of ANZ's OnePath Pensions & Investments (P&I) business, in spite of the uncertainty created by the proceedings initiated by APRA last month.
In announcements yesterday, IOOF and ANZ pushed back the timeline for the deal 'to accommodate the likely delay to completion ... to later this calendar year', but both parties evidently still hope it will go ahead. That, however, still depends on ANZ getting the business ready for sale and on the trustees of OnePath super funds giving their approval to the sale.
