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AMP
Superannuation
The voluntary super contributions jumped almost 30% due to a greater engagement with super during the COVID pandemic....
Financial planning
Chief executive, Alexis George, hopes to leave a legacy behind that will have revitalised the culture at AMP....
People & Products
Scott Hartley, AMP Australian Wealth Management chief executive, has been appointed to the Financial Services Council board of directors along with Challenger executive, ...
Financial planning
The first week of December sees heavy losses again in adviser numbers with a net change of advisers of over 120 while the net losses for the year stood at 2,062, accordin...
Funds management
Resources still have a “bright future” and could provide a hedge against inflation in an inflationary world but will be countered by the lower demand for coal, according ...
Funds management
AMP Limited will look to “better serve” the retirement market and take its products direct to clients following the demerger with AMP Capital’s private markets business....
Funds management
An additional post-tax impairment charges of approximately $325 million is expected in its FY21 financial results after a review of its balance sheet....
People & Products
Pella Funds Management has made its second appointment of a former AMP employee with the hire of Debbie Alliston for its advisory board....
Financial planning
Former AMP financial adviser, David Fong, and his Perth-based company Fong Financial Planners have been charged with dishonest conduct....
Superannuation
AMP superannuation trustees are to pay $45 million in remediation relating to final matters referred from the Royal Commission....
Funds management
Moody’s has downgraded its ratings to AMP Group Holdings and AMP Group Finance Services due to the smaller capital and earnings base post the demerger of its private mark...
Life/Risk
AMP will close its involvement in life insurance in Australia and New Zealand with the divestment of its equity interest in Resolution Life Australasia for $524 million....
Financial planning
The combined adviser losses at AMP and IOOF year-to-date is at 171 compared to 143 for all other licensees....
Policy & Regulation
Many in the Senate chamber have acknowledged big corporations – the big four banks, AMP and insurance companies – have not been held to account by Royal Commission legisl...
Funds management
The outflows included $9.6 billion due to the transition of the New Zealand wealth management mandate. ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...