AMP

Superannuation

AMP Limited has acknowledged a multi-million impact flowing from the Government’s legislative changes to superannuation including transferring 370,000 low balance account...

Financial planning

AMP Limited has signalled how it intends reshaping its adviser network with productivity and professionalism trumping actual adviser numbers....

Financial planning

AMP Limited has flagged reshaping its advice network as it reports a significant decline in full-year profit....

Policy & Regulation

The banks would be compelled out of the wealth management industry and AMP would have to break up its operations under policy proposals flagged by the Australian Greens i...

People & Products

AMP Limited has announced a series of changes to its leadership team....

Financial planning

AMP Limited has defended its vertically integrated structure in the face of Royal Commission criticism while confirming it has punished past executives with forfeiture of...

Financial planning

Commissioner Kenneth Hayne has clearly identified that product manufacturers very often got much more than advisers from fees for no service while suggesting that serious...

Superannuation

Further question marks have arisen over AMP Limited’s ability to retain its corporate superannuation mandates in the face of some seriously adverse Royal Commission findi...

People & Products

The founder and former managing director and chief executive of the SMSF Association, Andrea Slattery, is the latest appointment to the AMP board as a non-executive direc...

Superannuation

A number of corporate superannuation mandates may change hands if particular companies are named and shamed in the Royal Commission’s final report, with serious contingen...

Financial planning

Australians suffering from financial stress have had a significant impact on the economy, with businesses suffering an estimated $31.1 billion loss in revenue, according ...

People & Products

Powerwrap Limited has appointed founder and chief executive of Quadrant 2 Consulting, and former AMP executive, Donna Hardman to its board as a non-executive director....

Financial planning

The Australian Securities and Investments Commission is seeking court backing to force law firm Clayton Utz to produce documents at the heart of fee for no service allega...

Life/Risk

AMP Life has told advisers it will no longer be accepting applications from customers into a standalone version of AMP Elevate from 31 January, next year, in the wake of ...

People & Products

OneVue has bolstered its cybersecurity team with the appointment of a chief information officer. ...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 14 hours ago