AMP targets post-retirement advice
AMP has signaled it will be pushing further into providing financial advice to the post-retirement sector.
AMP chief executive Craig Dunn outlined the broad strategy in a briefing session with journalists yesterday when he said the company had identified significant growing demand for financial advice among retirees.
He signaled that the company would not only be fostering advisers capable of providing specialist post-retirement advice, but that AMP would be building new products capable of servicing the sector.
Dunn said he believed AMP's scale and its embrace of digital technology would assist in its move to servicing the wave of Australian baby boomers about to enter retirement.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.

