AMP Limited

Policy & Regulation

Regulators, AMP and banks next to front RC

AMP Limited and the major banks together with the regulators will be the focus of attention during the next round of Royal Commission hearings....

Editorial

AMP must move honourably beyond BOLR deals

AMP Limited’s sale of its insurance business will help it cut loose some uncomfortable legacy issues, but it remains to face into the substantial challenges associated wi...

Financial planning

Suspicions led to suspension of AMP Financial Planner ‘Chatter’

The depth of suspicion existing between some AMP planners and AMP Limited has been underlined by a decision to suspend a planners “Chatter Group” over suspicions member c...

Financial planning

IOOF offers ‘Adviser Recognition Program’

IOOF has sought to ensure the retention of newly-acquired ANZ aligned advisers by offering participation in an ‘Adviser Recognition Program’ with vesting heavily reliant ...

Financial planning

AMP advisers feel caught in BOLR pincer

AMP Limited has confirmed applying compliance criteria to buyer of last resort arrangements for planners looking to exit the company and the industry....

Financial planning

AMP sells wealth protection to Resolution Life

AMP Limited has taken a major step in selling down its life businesses in transactions which will translate to $3.45 billion....

Superannuation

AMP loses another corporate super mandate

After months of doubt, AMP Limited has received confirmation that it has lost one of its largest corporate superannuation mandates – Australia Post....

Superannuation

Anglican super moves from AMP to Mercer

AMP Limited has lost a key corporate superannuation mandate – Anglican National Super Plan – to Mercer....

Life/Risk

AMP rebuts RC death claims

AMP Limited has sought to rebut claims made during the Royal Commission that it engaged in misconduct in its deduction of superannuation fund members’ insurance premiums ...

Policy & Regulation

Licensees, not planners face RC-imposed changes

Financial services licensees rather than individual planners are facing the most change likely to result from the preliminary findings of the Royal Commission into Miscon...

Life/Risk

AMP charged clients life insurance premiums post-death

The Royal Commission today heard that AMP failed to refund members’ estates for fees charged on life insurance after AMP knew they had died....

Life/Risk

AMP charged non-smokers a smokers’ premium

AMP Limited charged a non-smoker $72,000 worth of premiums designed to be for smokers under a system that required non-smokers to submit a declaration identifying themsel...