Insignia Financial (previously known as IOOF Holdings) is one of Australia’s largest retail wealth management and superannuation groups. Following a series of mergers and rebranding, Insignia now operates several super products under various brands.
Key Facts
| Feature | Detail |
|---|---|
| Previous name | IOOF Holdings |
| Fund type | Retail (various products) |
| Website | insigniafinancial.com.au |
| Key platforms | MLC (acquired), Shadforth, Lonsec |
Insignia’s History
Insignia has grown significantly through acquisitions:
- Acquired MLC Life / MLC Wealth from NAB in 2021 (see MLC Super Review)
- Previously acquired OnePath / ANZ Wealth (see OnePath Review)
- Rebranded from IOOF to Insignia Financial in 2021
This means members of MLC, OnePath, and IOOF products are now under the Insignia umbrella, though products may operate under their original names.
Products Under Insignia
- MLC Super (previously National Australia Bank-owned)
- OnePath products (previously ANZ-owned)
- IOOF Super legacy products
- Shadforth/WealthView products (adviser platforms)
Fees and Performance
Fees vary significantly by product and investment option. As a retail group, Insignia’s products have typically been higher-fee than industry funds. Members with older IOOF or OnePath products should check their current fees against the YourSuper comparison tool.
Insignia has been subject to APRA scrutiny and has worked to consolidate underperforming products as part of ongoing restructuring.
Regulatory History
IOOF was subject to significant scrutiny in the 2018 Royal Commission, with APRA initially taking action over alleged trustee failures. Following legal proceedings, IOOF (now Insignia) undertook significant governance and operational reforms.
What Current Members Should Do
If you are in an IOOF/Insignia/MLC/OnePath product:
- Check your current fees and investment performance against the YourSuper tool
- Confirm your insurance is appropriate
- Consider whether consolidating or switching is in your interest
For advice on Insignia products or switching options, speak with a licensed financial adviser. Ask about any conflicts of interest. Find an adviser via MoneySmart. For more: MLC Super Review, OnePath Review, Super Fund Comparison Table.