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....

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Superannuation

Equity Trustees Superannuation has been appointed as superannuation trustee for AMP Life’s superannuation funds and will replace current trustees. ...

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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AMP has withdrawn its outlook due to challenges in providing accurate forecasts for this year stemmed from COVID-19 but remained on track to complete 80% of its client re...

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Financial planning

AMP has signalled that it is not unduly fussed by a ratings downgrade issued by ratings house, Moody’s....

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Funds management

AMP Life and AMP Capital have been fined $275,500 and $250,500 respectively, in relation to trade reporting rules....

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Financial planning

AMP’s proposed new wealth business model has been mapped out for a Parliamentary committee....

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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 ...

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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....

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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....

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Life/Risk

A decision by the Reserve Bank of New Zealand has left the sale of AMP Life in disarray....

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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...

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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...

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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 ...

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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

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

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A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

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ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

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Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

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