Suspicions led to suspension of AMP Financial Planner ‘Chatter’



The depth of suspicion existing between some AMP planners and AMP Limited has been revealed by a recent decision by the AMP Financial Planners Association to suspend a member blog – the Chatter Group – over suspicions some members were providing discussion details to AMP Limited.
Money Management has received the contents of an e-mail informing members that the board of the AMP Financial Planners Association had decided to suspend the Chatter group pending an investigation.
“The board has decided to suspend the AMPFP ARs Chatter group, whilst we investigate serious allegations of members providing copies to AMP, which has resulted in at best bullying and at worst threats being made to particular advisers,” the e-mail said.
“We treat this matter very seriously, as it does not build trust and is not in the spirit of the relationship with AMP,” it said.
“We expect to be able to quickly resolve this and relaunch this Chatter group soon. In the interim please continue to raise your issues with AMP and if appropriate cc us.”
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.