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AMP LIFE
Financial planning
AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advic...
Life/Risk
Barely a week after completing the acquisition of AMP Life, Resolution Life Australia appears to be scouting other in-force acquisitions....
Superannuation
Equity Trustees Superannuation has been appointed as superannuation trustee for AMP Life’s superannuation funds and will replace current trustees. ...
Financial planning
AMP has withdrawn its outlook due to challenges in providing accurate forecasts for this year stemmed from COVID-19 but remained on track to complete 80% of its client re...
Financial planning
AMP has signalled that it is not unduly fussed by a ratings downgrade issued by ratings house, Moody’s....
Funds management
AMP Life and AMP Capital have been fined $275,500 and $250,500 respectively, in relation to trade reporting rules....
Financial planning
AMP’s proposed new wealth business model has been mapped out for a Parliamentary committee....
Life/Risk
Resolution Life will complete its acquisition of AMP Life in the second quarter of next year but, in the meantime, has made a US$1.25 billion acquisition of US insurance ...
Life/Risk
Resolution Life, the company which is acquiring AMP Life, has gone to the market and raised US$3 billion ahead of closing the AMP deal early next year....
Financial planning
Barely a month out from its half-year results announcement, AMP has confirmed it has maintained its strategy of taking equity stakes in aligned planning practices....
Life/Risk
A decision by the Reserve Bank of New Zealand has left the sale of AMP Life in disarray....
Life/Risk
The Australian Prudential Regulation Authority’s latest Life Insurance Institution-level statistics publication has managed to paint a picture of the industry as it was u...
Life/Risk
AMP chairman, David Murray has defended the company’s decision to sell its life insurance business arguing it has been validated by AMP’s results and the decisions of oth...
Life/Risk
AMP Life has told advisers it will no longer be accepting applications from customers into a standalone version of AMP Elevate from 31 January, next year, in the wake of ...
Life/Risk
AMP Limited has looked to smooth its problems with AMP Life via new reinsurance arrangements while looking to advice and SMSFs to achieve its growth target....
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MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....