AMP

Funds management

Moody’s has downgraded its ratings to AMP Group Holdings and AMP Group Finance Services due to the smaller capital and earnings base post the demerger of its private mark...

Life/Risk

AMP will close its involvement in life insurance in Australia and New Zealand with the divestment of its equity interest in Resolution Life Australasia for $524 million....

Financial planning

The combined adviser losses at AMP and IOOF year-to-date is at 171 compared to 143 for all other licensees....

Policy & Regulation

Many in the Senate chamber have acknowledged big corporations – the big four banks, AMP and insurance companies – have not been held to account by Royal Commission legisl...

Funds management

The outflows included $9.6 billion due to the transition of the New Zealand wealth management mandate. ...

Financial planning

Research conducted during the first wave of the COVID-19 pandemic has found advisers played a crucial role in crisis intervention, according to Griffith Business School....

People & Products

As part of the demerger of AMP Capital’s private market business, it has appointed Patrick Snowball as chair designate and Andrew Fay as deputy chair designate to help wi...

Financial planning

Almost all adviser groups experienced adviser losses in 2021 except small self-licensed advisers which has been the “one area of growth”, according to Wealth Data....

Tools & guides

John Perri answers common questions on downsizer contribution strategies and explains the key rules and eligibility criteria to utilise the option for clients....

Top 100

Money Management’s 2021 TOP Financial Planning Groups survey has confirmed that the number of financial advisers operating under the umbrellas of the largest groups has d...

Funds management

The Evergrande issue is unlikely to develop into the “GFC-style event” that investors fear, say commentators, but it will depend on how the Chinese government handles the...

Financial planning

With one-in-six Australian children living below the poverty line, children’s charity Variety has launched a free financial counselling program for families of children w...

Financial planning

IOOF, AMP, and NTAA Group have disproportionally lost the most advisers since the start of the year compared to the rest of the sector, according to Wealth Data....

People & Products

One month into her role as chief executive, Alexis George, has announced several changes to the firm’s executive committee ahead of its demerger from AMP Capital Markets....

Funds management

Investors should not underestimate the speed and magnitude of an upturn, with commercial office vacancy rates expected to drop sharply in the next two years across Austra...

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’...

1 month 3 weeks ago

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

2 months 3 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...

2 months 4 weeks ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

3 weeks 6 days ago

ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments....

2 weeks 1 day ago

ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice....

1 week 6 days ago
moneymanagement logo