AMP announces MyNorth enhancements
AMP has announced enhancements to its superannuation and investment wrap platform, MyNorth for advisers and clients as it turned a year old.
Under the enhancements, advisers could now manage multiple client activities simultaneously, while they were also given more choice in estate planning, giving them access to a full range of options when nominating account beneficiaries online.
Advisers would also be given more flexibility when completing partial transfers online.
On the client side, customers could access enhance client reports, statements, and account summaries, and could integrate their information with MyAMP to provide a complete view of their financial circumstances.
The enhancements followed the recent launch of the MyNorth Pension payment planner, which combined a pension payment calculator with a retiree-specific investment fund.
MyNorth has $6.7 billion in funds under management (FUM) while MyNorth and North had a combined $27.2 billion in FUM.
AUTHOR
Malavika Santhebennur
Recommended for you
AZ NGA has entered into a strategic partnership with national advice firm MiQ Private Wealth, as a way to provide a succession solution, as well as career development opportunities for staff.
While the advice profession struggles under growing operating costs, Adviser Ratings has found more than half of practices – some 58 per cent – that generate less than $250,000 in revenue report no profit at all.
The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing investigation into the company’s managed investment schemes.
Off the back of the August adviser exam results, the profession has seen 17 new entrants hit the Financial Adviser Register (FAR) this week, helping numbers return to positive territory.
