Good question Barry. I've seen the stats on audits and they are dire. So AMP is either guilty of failing its legal requirements under Corps Law to properly train, monitor and supervise for all the years that these planners have been AMP planners.... (and let me say, their audits were tough, regular and extensive - other licensees have said how good our files were, even though we have been traumatised by the process!). OR AMP was deliberately doing it to make money at the expense of their planners, which of course was the end result if they 'failed' audits.

Maybe this might help you work out which is which: It came out in court in the last 2 weeks that AMP categorised their planners into 4 categories, one of which was 'planners exited on acrimonius terms' with a strategy to be applied to them of sueing them into bankruptcy. And the CEO at the time put in writing his musings about how AMP might acquire all these client registers for 'zero'......