AMP
Funds management
AMP’s wealth management arm has seen a decrease in its net profit after tax thanks to the impact of advice practice impairments, pricing and legislative changes....
People & Products
Ben Hillier has been appointed as general manager – retirement solutions and will lead AMP’s development of financial solutions across the AMP Australia business....
Superannuation
Industry Super Australia say changes on the performance test is a backflip by the Government, while AMP praised the move as they believe funds will be judged on their cur...
Policy & Regulation
A review from the corporate regulator of the six largest financial services institutions shows they have collectively paid or offered $1.86 billion in compensation for fe...
Financial planning
The corporate watchdog is suing six AMP firms after it allegedly charged $600,000 from over 1,500 customers fee-for-no-service from their corporate superannuation account...
Financial planning
AMP’s new service model will allow the release of institutional ownership and will cease buyback arrangements, but advisers have until the end of the year to leave the ne...
Financial planning
Despite the credible complaint against him, the former AMP employee who accused Boe Pahari of sexual harassment says female employers at the firm expected her to return t...
Financial planning
While 96% of grandfathered conflicted remuneration arrangements have been terminated by the start of 2021, eight product issuers still have grandfathered benefits on 46 p...
Financial planning
The Commonwealth Director of Public Prosecutions has determined that no charges should be brought to AMP Financial Planning for its conduct into the alleged fees-for-no-s...
Financial planning
AMP has expanded its managed portfolio offer with additional options for the MyNorth Sustainable and Zenith ranges with further additions planned in due course....
Policy & Regulation
Wael Kourieh has pleaded guilty to false document changes by forging member signatures to trick AMP employees....
Expert Analysis
Platform providers need to consider how they can best work together with advice practices to help them run smarter businesses, Edwina Maloney writes....
Outsider
Outsider was left feeling perplexed when he sat next to an AMP employee at a recent conference after his seat companion laughed at the idea that inappropriate behaviour w...
People & Products
Michael Hirst, former chief executive of Bendigo and Adelaide Bank, has been appointed as an independent, non-executive director to the AMP Limited board, effective from ...
Outsider
Outsider is not worried for AMP’s Francesco de Ferrari even though he may be out of job, having recently exited his role as chief executive to make way for ANZ’s Alexis G...
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...