BUYER OF LAST RESORT

Financial planning

Justice Mark Moshinsky has ruled a timeline for mediation between AMP Financial Planning and Equity Financial Planners to begin, and a former planner has called for the f...

Financial planning

The Advisers Association has expressed disappointment at AMP’s decision to appeal the BOLR verdict while AMP’s Matt Lawler says he hopes mediation will reach “an outcome ...

Financial planning

AMP has announced this morning that it intends to appeal the verdict of its Buyer of Last Resort class action....

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....

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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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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 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

AMP Limited has signalled how it intends reshaping its adviser network with productivity and professionalism trumping actual adviser numbers....

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Financial planning

A number of AMP financial planners have been calling on their representatives to press the company for pre-Royal Commission valuations to be applied to Buyer of Last Reso...

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Financial planning

An end to grandfathered commissions in 2021 has proved the final straw for many financial planners who were still debating their future in the industry, according to prel...

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Financial planning

IOOF has sought to ensure the retention of newly-acquired ANZ aligned advisers by offering participation in an ‘Adviser Recognition Program’ with vesting heavily reliant ...

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MARKET INSIGHTS

PETER JOHNSTON- AIOFP

Well done Keith and Neil, these Canberra Bureaucrats need to be stopped. ...

6 hours ago
JOHN GILLIES

WHEN I RETIRED A LOT OF GUY'S WERE STILL PRACTICING FORMS OF COLD CALLING. There nothing wrong with it as a way of estab...

1 day 5 hours ago
JOHN GILLIES

I thought you joined a dealer to be protected and have a better version of regulation explained, BUT The dealers themsel...

1 day 6 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 1 day ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

3 weeks 2 days ago

ASIC has suspended the AFS licence of a Melbourne fund manager responsible for six managed investment schemes....

2 weeks 2 days ago