Over Fifty Group (OFG)

Shares / Stock Code

OFG

Stock Exchange / Sharemarket

Australian Securities Exchange

Over Fifty Group (OFG) is a funds management and financial services company. Its range of services include investment bonds, property funds, income funds and insurance. OFM Investment Group Limited listed on the Australian stockmarket (ASX) in March 2002 as a result of the demutualisation of the Over 50's Mutual Friendly Society in July 2001.

Over Fifty Group's primary business is its Over 50's Mutual Friendly Society (OFM's funds management subsidiary). OFM is focussed on growing this division by broadening the range of products to include, property and mortgage trusts.Major customers are retail customers especially retirees looking to maximise their after-tax incomes. Other customers include professional investors. Major competitors are other financial service providers. It also competes with other property trusts and property developers.

The Company’s segments include funds administration, which provides a range of financial products, including single and multi-premium investments; insurances, which consist of health and general insurance agency; commercial mortgages, which provide funding and equity capital secured by mortgages; property, which acquires and holds properties for income and growth, and reverse mortgages, which provide funding and equity release.

Over Fifty Group (OFG) Products and Services

  • Funds Management and financial services.

Over Fifty Group (OFG) Locations and Subsidiaries

Over Fifty Group Head Office
Level 30, 367 Collins Street,
MELBOURNE, VIC, AUSTRALIA, 3000
Phone: 03 9616 6500
Fax: 03 9629 3397

Over Fifty Group (OFG) Share Price

Submitted by ASX Listed Company on 17 May, 2010 - 21:04

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