Submitted by Franko on Wed, 2023-07-05 13:37

What AMP did was absolutely shocking. They got caught out for their unconscionable behaviour to clients, but then behaved worse towards their own advisers who supported them and built the company. Total lack of ethics by AMP management. They should be held accountable. AMP got new management to sort out their client issues and they just continued the same sort of behaviour but this time did the wrong thing by their advisers who had no one to stand up for them.
They need to pay compensation to the families of the poor advisers who committed suicide, became mentally ill etc.

The content of this field is kept private and will not be shown publicly.
 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Michael Chalmers

Meanwhile the government says it wants to lower the cost of advice. The governments regulator is ballooning how much t...

13 hours 47 minutes ago
Chris Cornish

If an adult signs a form stipulating a payment to occur, that should be the end of the matter - no need for the governme...

14 hours 50 minutes ago
PETER JOHNSTON- AIOFP

Commissioner Hayne recommended Consent Forms to stop Bank Executives [not Advisers] illegally taking fees out of consume...

15 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 3 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months ago