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AMP
Funds management
Five major platforms have reported significant growth in funds under administration in the last financial year and have carved out ambitious new targets moving forward....
Financial planning
The Federal Court has handed down a penalty to AMP to pay Equity Financial Planners and Wealthstone, two members of the class action....
Financial planning
Members of the AMP BOLR class action will have to wait longer for information on any potential compensation after an update from the Federal Court....
Financial planning
AMP has reached an agreement to settle the shareholder class action brought by Komlotex in June 2018 following the Hayne royal commission for $110 million....
Financial planning
AMP chief executive, Alexis George, has shared her thoughts on Insignia’s new ownership model and whether it will follow its footsteps as it expects $50 million in advice...
People & Products
The $160 billion Aware Super fund has made a series of senior hires, with the new appointments joining from global roles at Pendal and AMP. ...
Financial planning
AMP CEO, Alexis George, expects to have an update on the BOLR class action this month but has not ruled out appealing the case, having set aside a “best estimate” of $50 ...
Financial planning
AMP has reported half-year results for its advice division as it updates on the next action in the BOLR class action case....
Financial planning
With Insignia launching a new co-equity model, AMP could look to follow in its footsteps, according to Adviser Ratings....
Financial planning
A global survey has found one in four Australians lack the knowledge and skills to make financial decisions, and this is costing the average household over $7,000 each ye...
Financial planning
AMP has fallen to less than 900, according to Wealth Data, some 10 months after dropping below the 1,000 milestone....
Financial planning
AMP has announced a new executive structure for platforms and advice and is actively recruiting a group executive for superannuation and investment....
Funds management
Schroders has hired Pierre Wu from AMP as fixed income and multi-asset investment director, the role formerly held by Adam Kibble....
Funds management
Although on the fence about the replacement of governor Philip Lowe, economists have welcomed his successor, deputy Michele Bullock, as a sign of structure and continuity...
Financial planning
Wraps, platforms and master trusts FUM declined to $982.5 billion over the year to end of March 2023, although some market leaders like HUB24 and Netwealth experienced do...
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Podcast
I don't have any faith in the regulator. I've stopped reading these and just think some poor guy got busted for a spell...
By having trustees supervise client directed payments from their pension funds, Stephen Jones and the federal Labor gove...
Now we now the size of Stephen Jones' CSOLR tax, I doubt anyone will be employer any new financial adviser from this poi...