Interesting comment by AMP spokesperson. I personally know Dave and he's an amazing financial planner, as his clients will attest. They continue to support him and seem happy to have moved away from AMP. On the other hand, I also have personal statistics on AMP exit 'audits', which ASIC said they were too busy to follow up. They show a damning indictment of AMP's use of the so called audit to further reduce the amount they had to pay out to planners.

Anyone listening to the court case would be horrified by AMP's strategic decimation of its planner force. Lets see whether what they did was legal or not - it certainly wasn't moral OR within the legal requirements of a Licensee's obligations under Corps Law! I bet ASIC and ACCC are adding to their case files from all the insights being revealed in Melbourne this October.....