AMP

Financial planning

AMP Limited has been fined $14.5 million by the Federal Court for charging fees for no service to 1,452 superannuation members with the judge criticising the firm’s failu...

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Funds management

There are reasons for optimism in global markets on a 12-month view, despite the short-term risks present, according to Shane Oliver....

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People & Products

North’s managed portfolio offering has reached $6 billion in assets under management, more than double the size last August....

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Financial planning

One in two employees say they are likely to seek financial advice in the next 12 months, according to AMP, as financial stress has doubled in the past two years....

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Financial planning

AMP will return $1.1 billion of capital to shareholders, comprising $350 million via an on-market share buyback to commence immediately followed by a further $750 million...

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Financial planning

Reflecting on 12 months as chief executive, AMP chief executive, Alexis George, believes the firm has made “significant progress” to improve....

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People & Products

Resolution Life Australasia has appointed Tim Tez as chief executive, effective February 2023, replacing Megan Beer who will relocate to London in 2023 to become the chie...

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Funds management

The inflation environment will be much higher than pre-COVID levels over the next two to five years despite pockets of deflation, according to AMP Capital....

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Financial planning

AMP’s chief executive, Alexis George, has reflected on the firm’s response to addressing the mental health concerns of its adviser network following controversial changes...

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People & Products

New management has been appointed for the $7.7 billion AMP Capital Wholesale Office fund after investors rejected AMP’s plans and voted to change the management and trust...

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People & Products

Maple-Brown Abbott has launched an Australian small companies fund following the appointment of Phillip Hudak and Matt Griffin to the boutique investment manager in April...

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People & Products

Elston Asset Management has hired Peter Vlachos to join the firm’s business development team....

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People & Products

AMP has appointed Lisa Sorgini as general manager for wealth distribution, working on strengthening the firm’s relationship with financial advisers....

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People & Products

North has lowered the maximum administration fees for a MyNorth investment account as it targets the financial adviser market....

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People & Products

AMP Ltd has appointed former J.P. Morgan Chase managing director, Andrew Best, to its board as a non-executive director....

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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 ...

1 month ago
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 ...

1 month ago
gonski

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

1 month ago

The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....

2 weeks 4 days ago

The Financial Advice Association Australia has addressed “pretty disturbing” instances where its financial adviser members have allegedly experienced “bullying” by produc...

3 weeks 5 days ago

ASIC has released the percentage of candidates who passed its August financial advice exam with the volume dropping to the lowest since November 2022....

2 weeks 4 days ago