AMP execs and advisers stranded by volcanic ash
Scores of AMP’s senior executives and financial advisers have had their travel plans disrupted by the volcanic ash wreaking havoc on Europe’s flight paths.
AMP’s week-long bi-annual offshore conference has just taken place in Ireland, but the ash emanating from an Icelandic volcano has left around 30 Hillross and around 100 high performance AMP financial planners, as well AMP senior managers, grounded. Executives stranded by the ash include AMP’s director of financial planning, Steve Helmich, and AMP Financial Planning managing director Michael Guggenheimer.
The conference ended almost a week ago on April 17 but an AMP spokesperson said most of the advisers attending the conference had planned to extend their travel, and as such were currently on annual leave. There were a small number who had been intending to return to Australia and AMP was doing everything possible to assist them, the spokesperson said.
The Icelandic volcanic eruption also disrupted the travel plans of European delegates’ attending the Financial Planning Standards Board’s global conference in Taiwan this week, but it didn’t stop the attendance of Australian Financial Planning Association chair Julie Berry and deputy chief Deen Sanders.
Flights across some parts of Europe have now resumed, but the backlog of travellers means it will be some weeks before flight schedules return to normal. Some travellers departing Australia for Europe are expected to wait weeks to be rebooked on flights.
This week the Australian Competition and Consumer Commission greenlit AMP's bid for AXA Asia Pacific while blocking that proposed by the National Australia Bank.
AMP held its annual local AMP/Hillross annual conference in Melbourne in January.
Recommended for you
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
