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....
Market analysts are pointing to some key obstacles for AMP Limited, not least the so-called ‘Halloween deadline’ for the exit of unprofitable planners....
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....
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,...
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...
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....
AMP Financial Planning Association members prepared for class action on AMP’s BOLR changes....
The 'weaponisation of compliance' is bringing up wider problems with licensees, not just a few individual bad apples. ...
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...
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...
AMP Limited has been accused of seeking to cloud key questions about whether the AMP Financial Planning Association was appropriately informed and consulted about the com...
AMP Limited has sought to protect itself against further buyer of last resort surprises by building in key caveats covering key market and governance policy changes....
AMP Limited is facing multiple challenges as a result of its changes to its buyer of last resort arrangements and its signalling of a significant reduction in aligned adv...
The private contractual nature of Buyer of Last Resort arrangements has served to leave the major planning organisations on the sidelines as advisers see their pay-outs e...
The rapidly changing legislative and regulatory environment confronting the financial planning industry combined with the damage to reputations and practice valuations fl...
What happened to the 700,000 million of MLC if $1.2 Billion was migrated to Expand but Expand had only 512 Million in in...
The judge was quite undrstanding! THEN AASSIICC comes along and closes him down!All you 15600 people who work in the bu...
How could that underestimate happen?usually the quote transfer straight into the SOA, and what on earth has the commissi...