AMP has benefited by making the purchase multiple above market value as this grows the amount of the loan and interest to be repaid. Then would not allow for the loan to be repaid and debt to be closed (partial sales were never allowed) further profiteering. Then failed as a licencee (hence it is currently the subject of multiple undertakings?) to provide it's planners with proper paperwork and guidelines to follow and now is using it's own failures to create rules to pay out as little as possible, all whilst charging up to 23% as a dealer cut (fee for no service anyone?). AMP has used government legislation before to take away clients without compensation. Now they are doing it again.
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