AMP

Financial planning

With one-in-six Australian children living below the poverty line, children’s charity Variety has launched a free financial counselling program for families of children w...

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Financial planning

IOOF, AMP, and NTAA Group have disproportionally lost the most advisers since the start of the year compared to the rest of the sector, according to Wealth Data....

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People & Products

One month into her role as chief executive, Alexis George, has announced several changes to the firm’s executive committee ahead of its demerger from AMP Capital Markets....

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Funds management

Investors should not underestimate the speed and magnitude of an upturn, with commercial office vacancy rates expected to drop sharply in the next two years across Austra...

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Funds management

AMP’s wealth management arm has seen a decrease in its net profit after tax thanks to the impact of advice practice impairments, pricing and legislative changes....

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People & Products

Ben Hillier has been appointed as general manager – retirement solutions and will lead AMP’s development of financial solutions across the AMP Australia business....

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Superannuation

Industry Super Australia say changes on the performance test is a backflip by the Government, while AMP praised the move as they believe funds will be judged on their cur...

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Policy & Regulation

A review from the corporate regulator of the six largest financial services institutions shows they have collectively paid or offered $1.86 billion in compensation for fe...

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Financial planning

The corporate watchdog is suing six AMP firms after it allegedly charged $600,000 from over 1,500 customers fee-for-no-service from their corporate superannuation account...

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Financial planning

AMP’s new service model will allow the release of institutional ownership and will cease buyback arrangements, but advisers have until the end of the year to leave the ne...

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Financial planning

Despite the credible complaint against him, the former AMP employee who accused Boe Pahari of sexual harassment says female employers at the firm expected her to return t...

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Financial planning

While 96% of grandfathered conflicted remuneration arrangements have been terminated by the start of 2021, eight product issuers still have grandfathered benefits on 46 p...

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Financial planning

The Commonwealth Director of Public Prosecutions has determined that no charges should be brought to AMP Financial Planning for its conduct into the alleged fees-for-no-s...

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Financial planning

AMP has expanded its managed portfolio offer with additional options for the MyNorth Sustainable and Zenith ranges with further additions planned in due course....

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Policy & Regulation

Wael Kourieh has pleaded guilty to false document changes by forging member signatures to trick AMP employees....

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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 3 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 4 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