The reason for the consultation, and the 13 month notice period before any AGREED changes could be enacted, was to allow any planners who didn't like the changes to hand in their notice under the EXISTING rules. It follows then that the reason AMPFP rushed this announcement was because it knew that NO planners would willing accept such a significant drop in the value of their retirement asset - i.e. the change itself would have caused a rush on BOLR.

Instead, AMP tried to lie and bully their way through this one. The brutal treatment of planners in the exit process, the exit audits and even lookback audits has led to significant mental and emotional trauma that will take years to heal, as well as the permanent loss of many good advisors from the Australian landscape. Shame on you AMP!!!