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BUYER OF LAST RESORT
Financial planning
As the dust settles on the AMP BOLR settlement, Money Management understands several participants are still hopeful of making an appeal for a fairer sum....
Financial planning
The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....
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....
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,...
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 has sought to protect itself against further buyer of last resort surprises by building in key caveats covering key market and governance policy changes....
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...
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...
Financial planning
AMP Limited has signalled how it intends reshaping its adviser network with productivity and professionalism trumping actual adviser numbers....
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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MARKET INSIGHTS
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?...