Suspicions led to suspension of AMP Financial Planner ‘Chatter’

amp/amp-financial-planners-association/AMP-Limited/financial-planning/

1 November 2018
| By Mike |
image
image image
expand image

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.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

3 months ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 months 4 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 months ago

AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity. ...

1 day 11 hours ago

Advice firms are increasing their base salaries by as much as $50k to attract talent, particularly seeking advisers with a portable book of clients, but equity offerings ...

3 weeks 1 day ago

ASIC has released the results of the latest financial adviser exam, held in November 2025....

1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo