AMP offers pro bono advice for bushfire victims
AMP will partner with its advisers to offer free financial advice to both AMP clients and the general public.
They join other organisations like the Financial Planning Association, Australian Financial Complaints Authority and Financial Services Council who had all offered support in the last week.
AMP had also put together a disaster relief package for its clients impacted by the bushfires, which included:
- Waiving of certain bank fees for customers requiring urgent access to their funds;
- Temporarily postponing home loan repayments or extending the term of a loan;
- If the Australian Tax Office (ATO) had assessed a customer was eligible on compassionate grounds, releasing superannuation funds early to help with medical and other expenses; and
- A one-off, three-month waiver from paying AMP life, total and permanent disability (TPD), trauma, income protection and business expenses insurance premiums.
Alex Wade, AMP chief executive, said the initiative would help individuals and families on their road to recovery.
“We have advisers in local communities across many of the impacted areas who would like to help people get back on their feet,” Wade said.
“AMP has a long history of supporting Australians through tough times and we’ll help those affected by this disaster however we can.”
Affected Australians could call AMP’s banking enquiries phoneline on 13 30 30.
AUTHOR
Chris Dastoor
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