Australian Unity to acquire IOOF from Insignia Financial for A$40m.

Australian Unity, an Australian mutual company, agreed to acquire IOOF, a financial services provider, from Insignia Financial, an Australian financial services company, for A$40m. “People use investment bonds to prepare for a variety of key lifeevents, such as education, housing, health and aged-care, and estate planning and we look forward to working with Insignia to ensure a smooth transition for IOOF policyholders,” Esther Kerr, Australian Unity CEO.