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AMP
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...
Financial planning
AMP Limited has announced an acceleration of its advice remediation program including both employed and aligned advisers and price cuts to its superannuation products....
People & Products
Augusta has completed £150 million of funding as it enters new stage of expansion, and points to Australia as a focus market. ...
Policy & Regulation
The Commonwealth Bank (CBA) has been served with another class action, this one filed in the Federal Court by Phi Finney McDonald on behalf of shareholders from 2014 to 2...
Policy & Regulation
The Australian Securities and Investments Commission has banned a National Australia Bank financial adviser from providing financial services after finding he was not ade...
Financial planning
AMP has issued a careful statement in response to the Australian Securities and Investments Commission’s legal action against AMP Financial Planning, saying it had report...
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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...