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AMP
Life/Risk
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 ...
Financial planning
The financial planning landscape is facing a tectonic shift as the major banks look to exit their wealth management business, something underlined in Money Management’s l...
Life/Risk
At least four of AMP’s corporate superannuation clients are in the process of reviewing their arrangements in the wake of successive rounds of hearings before the Royal C...
Policy & Regulation
A review by the regulator has described delays by financial institutions in reporting, addressing and remediating significant breaches as “unacceptable”....
Tools & guides
With advisers adjusting to the new transfer balance cap measures, Alena Miles looks at capped defined benefit income streams’ rules....
Life/Risk
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 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...
Life/Risk
AMP Limited faces another period in the Royal Commission witness box today, this time focused on its insurance operations....
Life/Risk
TAL, CommInsure, AMP and ClearView have been named to front the next round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financia...
People & Products
AMP has appointed former Credit Suisse chief executive, Francesco De Ferrari, as its new CEO, succeeding Mike Wilkins who has held the role in an interim capacity since A...
Financial planning
The Royal Commission has been told that the AMP Super trustee had little or no knowledge of what AMP advisers were doing in relation to recommending superannuation produc...
Funds management
AMP’s 1H18 results have shown that its wealth protection operating earnings plummeted $50 million over the six months....
People & Products
AMP has today confirmed that its new chair, David Murray, and its acting chief executive, Mike Wilkins, will receive annual salaries of $850,000 and $1.46 million, respec...
People & Products
AMP has hired experienced financial services executive, Luke Symons, into its advice team to help drive its rebuilding following the Royal Commission’s continued fallout....
Outsider
Outsider is not always the hard-hearted cynic that many believe. He really, really does feel sorry for many of the hard-working people at AMP Limited who have been having...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...