AMP launches fund for talented Australians
AMP is offering grants of up to a million a year to Australians who are looking to make a mark of society, but lack the financial backing.
In response to an AMP and Newspoll survey which found 60 per cent of Australians' talents were restricted by a lack of capital, AMP launched the Tomorrow Fund, which aims to stimulate innovation.
The size of the grants will vary between $10,000 and $1 million, depending on the proposal, and will be judged by a panel from backgrounds in social enterprise, science, the arts and technology.
"It might be a community project, an invention, social enterprise or maybe something left-of-field that has never been attempted before like setting an obscure world record. We'd like to give a helping hand to go out and fulfil that dream," AMP director of media and community relations, Julia Quinn, said.
"Money shouldn't always be the obstacle for talented people who have a commitment to something that will make a difference in Australia," she added.
Applications are now open at www.ampstomorrowfund.com.au/ and close on August 31.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
