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....

image
Superannuation

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

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AMP has withdrawn its outlook due to challenges in providing accurate forecasts for this year stemmed from COVID-19 but remained on track to complete 80% of its client re...

image
Financial planning

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

image
Funds management

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

image
Financial planning

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

image
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 ...

image
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....

image
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....

image
Life/Risk

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

image
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...

image
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...

image
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 ...

image
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....

image
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 days 21 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 5 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

3 weeks ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

6 days 1 hour ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

5 days 4 hours ago