amp

Policy & Regulation

AMP corrects $1.185 billion RC remediation figure

AMP Limited has made clear it is provisioning substantially less than the $1.185 billion mentioned during the Royal Commission for client remediation....

Financial planning

AMP on brink of additional fees for no service breach

AMP Limited acting chief executive, Mike Wilkins has confirmed the firm is facing more fees for no service remediation challenges after discovering new breaches as recent...

Superannuation

Who drove AMP’s super fee cut?

The Royal Commission has heard that the time-table attaching to the AMP superannuation fund boards’ decision to cut MySuper fees by 50 basis points was devised elsewhere ...

Financial planning

Does AMP prove FASEA’s case?

AMP’s chief executive, Michael Wilkins, has told the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry that education has be...

Financial planning

How do we stop ‘rolling bad apples’? Asks Hayne

Royal Commissioner, Kenneth Hayne has questioned whether individual licensing might be a means of ‘rolling bad apple’ advisers moving between licensees....

Policy & Regulation

AMP to face another Royal Commission grilling

AMP Limited is listed to face another round of Royal Commission questioning as the process enters its final week....

Financial planning

AMP and Griffith University offer FASEA pathway

AMP and Griffith University have joined to help financial advisers meet the Financial Advisers Standards and Ethics Authority’s new requirements. ...

People & Products

AMP to use Morningstar as external research provider

AMP has appointed Morningstar as the external research provider for its advice business. ...

Life/Risk

AMP claims vindication on Resolution transaction

AMP Limited has pointed to an Australian Securities Exchange decision as vindicating the nature of its insurance sale transaction with Resolution Life....

Financial planning

AMP backs ‘transition away’ from grandfathered commissions

AMP Limited has told the Royal Commission that while legislating to remove grandfathered commissions carries constitutional risks, it favours transitioning away from gran...

Policy & Regulation

Regulators, AMP and banks next to front RC

AMP Limited and the major banks together with the regulators will be the focus of attention during the next round of Royal Commission hearings....

Editorial

AMP must move honourably beyond BOLR deals

AMP Limited’s sale of its insurance business will help it cut loose some uncomfortable legacy issues, but it remains to face into the substantial challenges associated wi...

Policy & Regulation

Academic questions FASEA filings

Deakin Business School associate professor, Adrian Raftery has raised questions about whether the Financial Adviser Standards and Ethics Authority has met its financial f...

Financial planning

Suspicions led to suspension of AMP Financial Planner ‘Chatter’

The depth of suspicion existing between some AMP planners and AMP Limited has been underlined by a decision to suspend a planners “Chatter Group” over suspicions member c...