How Select director ‘turned blind eye’ to rogue sales practices

insurance/sales/federal-court/

Select AFSL sales agents, which was penalised by the Federal Court last week, undertook a ‘Refer a Friend’ program without the consent of referred persons that caused an insurance sales spike in Indigenous communities.

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How many advisers exited in FY22–23?

Wealth-Data/adviser-numbers/Colin-Williams/

Wealth Data has shared how many advisers left the industry in the last financial year and how they compare to the previous financial year.

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Did AMPFP breach its duty to consult on BOLR change?

amp/AMP-FP/AMPFPA/class-action/neil-macdonald/federal-court/

The changes brought in to adjust the BOLR policy were ‘simple’ and did not require extended consultation beyond a few days, according to a senior AMPFP executive.

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Court rules AMP ‘went too far’ with disproportionate BOLR change

amp/AMP-FP/bolr/federal-court/class-action/

A failure to provide a valid ‘legislation, economic, or products’ reason to make disproportionate changes to the BOLR policy forms the crux of AMP Financial Planning’s defeat in Federal Court.

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