New Insignia CEO promises profit improvement

New Insignia chief executive Scott Hartley sees “a pathway to profit improvement” at the wealth giant but concedes investors will want proof of productivity and cost savings before they embrace the company again.

The former IOOF’s share price has tumbled more than 24 per cent over the past 12 months and more than 58 per cent over five years, as investors grew frustrated with attempts to reset its advice model following the Hayne royal commission.