BOLR

Financial planning

AMP’s chief executive, Alexis George, has reflected on the firm’s response to addressing the mental health concerns of its adviser network following controversial changes...

image
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...

image
Financial planning

The Australian Securities and Investments Commission has sought to step around tough parliamentary questioning about its views on AMP and how it has handled buyer of last...

image
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...

image
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...

image
Financial planning

With AMP Capital representing the jewel in the crown of AMP Limited, what will the bidders for the business have in mind for AMP’s financial planning business?...

image
Financial planning

A Parliamentary Committee will have to settle for court filings to find out more about AMP’s BOLR arrangements after the company cited the AMP financial adviser class act...

image
Financial planning

AMP was both legally and morally within its right to amend buyer of last resort arrangements which had become commercially unsustainable, according to the company’s chief...

image
Expert Analysis

Labor Senator Deborah O’Neill cautions AMP Limited against its treatment of financial advisers with respect to their buyer of last resort arrangements, arguing that such ...

image
Financial planning

A senior Federal Opposition Senator has unloaded on AMP Limited over its handling of buyer of last resort arrangements, with the Labor Party calling for a Parliamentary i...

image
Financial planning

With a mutual history within Credit Suisse, the exit of Alex Wade has seen AMP chief executive, Francesco De Ferrari lose one of his own....

image
Financial planning

The corporate regulator’s chair, James Shipton has said that the watchdog would not look into AMP’s buyer of last resort arrangements unless there were further and better...

image
Financial planning

As AMP moves to exit up to 250 financial planning business over 80 planners say they will face financial ruin as a result....

image
Financial planning

AMP Limited has acknowledged the major hit taken to its public reputation but holds hopes that it can restore trust in around three years....

image
Features

A financial adviser class action against AMP Limited may not be in the best interests of all advisers, writes lawyer, Dan Mackay....

image
 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

JOHN GILLIES

Might be a bit different to i the past where at most there was one man from the industry on the loaded enquiry boards a...

23 hours ago
Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

5 days 17 hours ago
Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 5 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago