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AMP
Financial planning
The board and shareholders of AMP Limited are being made patently aware that separating the company’s component parts is a dangerous strategy. ...
Financial planning
AMP Limited bidder Ares has dropped its bid for 100% of the company and is now only interested in AMP Capital leading AMP to declare that the future of its wealth busines...
Superannuation
Ten superannuation funds experienced outflows in excess of a billion dollars as a result of the Government’s COVID-19 hardship superannuation early release regime, with i...
Funds management
If the hedge funds were fundamentally right and the stocks go down, the day traders will get very badly burned, according to one financial commentator....
Financial planning
The Federal Court has ordered that AMP provide key documents around its buyer of last resort decision-making as part of the discovery process attaching to the class actio...
People & Products
Robert Coulter has been appointed as APAC business development director and will lead the firm’s distribution partnerships in the region....
Superannuation
New data has emerged suggesting as many as 5% of early release superannuation applicants entirely emptied their accounts while just 10 superannuation funds paid around 68...
Financial planning
AMP Financial Planning has lost its status as the single biggest financial planning group in Australia by adviser number, according to HFS Consulting’s data from 31 Decem...
Funds management
Australian shares are likely to be outperformers and can return around 12% this year compared to 8% for global shares, according to AMP Capital....
Superannuation
Following the departure of Lara Bourguignon, AMP’s SuperConcepts has appointed Grant Christensen as interim chief executive. ...
Financial planning
Over 2,170 roles were shed during the first six months of the year, and AMP Financial Planning saw the largest departure of 315 roles, according to data. ...
People & Products
Former Sunsuper chief executive, Scott Hartley, has been appointed the new chief executive of AMP Australia reporting to Francesco De Ferrari....
Financial planning
AMP financial advisers are continuing to press for Parliamentary scrutiny of AMP’s handling of buyer of last resort arrangements, particularly compliance-based exit audit...
Financial planning
The number of actual advisers has dropped through the 21,000 barrier this week, with the loss of a further 31 advisers, according to HFS Consulting’s data....
Funds management
AMP Capital has made a ‘significant investment’ in the UK’s second-largest port operator within its Infrastructure Debt IV fund. ...
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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...