BOLR

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....

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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....

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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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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,...

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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...

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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....

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Financial planning

AMP Financial Planning Association members prepared for class action on AMP’s BOLR changes....

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Financial planning

The 'weaponisation of compliance' is bringing up wider problems with licensees, not just a few individual bad apples. ...

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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...

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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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Financial planning

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...

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Financial planning

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....

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Financial planning

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...

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Financial planning

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...

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Financial planning

The rapidly changing legislative and regulatory environment confronting the financial planning industry combined with the damage to reputations and practice valuations fl...

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