AXA directors give green light to AMP
AMP’s merger bid for AXA Asia Pacific has been approved by the independent directors of AXA Asia Pacific.
AXA has announced to the Australian Securities Exchange that the independent directors have decided to recommend the proposal in the absence of a superior proposal being received.
According to the announcement, the AMP proposal was supported by a majority of the independent directors, while one was seeking further information.
Recommended for you
The Financial Advice Association Australia has released its pre-budget submission, including six key items to help reduce the cost of professional advice and increase its accessibility.
Phil Anderson, general manager for financial advice at the FAAA, believes the CSLR levy could reach $100 million if Dixon Advisory complaints are allowed to continue.
Proposed legislative changes to safe harbour duty could result in advisers having reduced professional indemnity costs, a joint submission by seven major licensees said.
With 66 per cent of newly established advice licensees being sole advisers, what are the risks and legal ramifications to consider when taking the plunge into self-licensing?