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BOLR
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....
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...
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....
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....
Features
A financial adviser class action against AMP Limited may not be in the best interests of all advisers, writes lawyer, Dan Mackay....
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....
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....
Financial planning
The buyer of last resort process is more complicated than advisers might expect as some licensees are focusing on where they can manoeuvre away from the agreed valuation,...
Financial planning
AMP has been described by a lawyer as having been brutal in its approach to advisers and Buyer of Last Resort but he argues that the company is on far from firm ground wh...
Policy & Regulation
Melbourne-based lawyer, Dan Mackay, argues that AMP is on far from firm legal ground in its approach to advisers and Buyer of Last Resort....
Financial planning
AMP Financial Planning Association members prepared for class action on AMP’s BOLR changes....
Financial planning
The 'weaponisation of compliance' is bringing up wider problems with licensees, not just a few individual bad apples. ...
Financial planning
AMP Limited may be making individual approaches to financial advisers but the AMP Financial Planners Association has told its members it is not in a position to provide l...
Financial planning
AMP financial planners have asked to consider the merits of using a litigation funder to underwrite what is likely to be a prolonged class action against AMP’s BOLR chang...
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Podcast
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...
So we are now underwriting criminal scams?...