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AMP
People & Products
Peter Varghese will not seek re-election at the end of his term and Rahoul Chowdry has been appointed as a non-executive director....
Funds management
Australian Foundation Investment Company has reduced the number of its total holdings from 85 to 71, selling out of Perpetual and AMP due to ‘sustainable competitive adva...
Funds management
In the wake of its money-laundering scandal, most funds that had a high allocation towards the bank managed to recover losses indicating the resilience of big banks....
Life/Risk
Resolution Life, the company which is acquiring AMP Life, has gone to the market and raised US$3 billion ahead of closing the AMP deal early next year....
Funds management
The common theme of the worst performing Australian equity funds was a focus on financial services holdings and little in property....
Features
A financial adviser class action against AMP Limited may not be in the best interests of all advisers, writes lawyer, Dan Mackay....
Policy & Regulation
The exit of the major banks means the original funding source for the Financial Adviser Standards and Ethics Authority will mostly dry up in May next year with advisers t...
Financial planning
A lawyer has questioned the value of AMP advisers signing up to a class action against AMP Limited when their individual circumstances can be significantly different....
Financial planning
Market analysts are pointing to some key obstacles for AMP Limited, not least the so-called ‘Halloween deadline’ for the exit of unprofitable planners....
Financial planning
Suggestions that robo-advice will be sufficient to meet the needs of those earning $80,000 are well off the mark, according to Investment Collective managing director, Da...
Financial planning
Larissa Baker Cook, who exposed AMP’s fee-for-no-service, is asking for $2.5 million for past and future economic loss....
Funds management
AMP has signalled some positives in its release of its third quarter cashflows update....
Funds management
AMP Capital has raised US$6.2 billion for its fourth infrastructure debt strategy, its largest closed-ended fund yet....
Funds management
AMP Capital’s global chief investment officer of equities, David Allen, is poised for growth as he completes a three-year process to revamp the firm’s equity division, wi...
Features
Following the announcement by AMP of unilateral changes to the buyer of last resort policy, some AMP advisers are now facing financial devastation, Dan Mackay writes....
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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...