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Showing 41 - 50 of 111 results for "AMP Life"

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... deemed appropriate in the current environment, Equity Trustees will continue to monitor and review the situation closely." AMP Life said that while it has not yet raised premiums on any group policies, the PYS legislation has impacted how many people ...

COVID-19 uncertainty sees AMP withdraw guidance

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... its three-year transformational strategy during this period of volatility and uncertainty. This includes the sale of AMP Life, which is "on track" for completion by June 30, as well as AMP's divestment process from its New Zealand-based wealth management ...

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
... his business interests in New Zealand. Harmos has served on the AMP Limited board since 2017, as well as the boards of AMP Life and The National Mutual Life Association of Australiasia since mid-2013. He currently serves as a director at Scentre Group ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
International ratings agency Moody's has downgraded AMP Group, AMP Bank and AMP Life. AMP Group, AMP Bank and AMP Life were all downgraded from A2 to A3 and remains under review for downgrade. AMP Life's insurance financial strength rating was ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
AMP Life and AMP Capital have paid hefty penalties following infringement notices issued by ASIC. AMP Life paid $275,500 and AMP Capital paid $250,500. "ASIC issued the infringement notices as it considers there are reasonable grounds to believe there ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... "CFSIL is currently reviewing ASIC's claim and CFSIL will provide any update as required." On the same day, ASIC announced AMP Life and AMP Capital have paid more than half a million in fines. The former has been penalised $275,500 while the latter paid ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... distribution at 11.3% and pension issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by AMP Life, OnePath Life and Westpac Life. Data also revealed the nation's largest fund AustralianSuper received the most complaints ...

De Ferrari unaware of legal action

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... believes the process will move quickly. In addition, Shine lawyers confirmed it will imminently file charges against AMP Life, AMP Financial Planning and two of its financial planning subsidiaries; Charter Financial Planning and Hillross Financial Planning. ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... nomination and remuneration committees effective 14 February 2020. He will remain as a non-executive director on the board of AMP Life until the completion of the sale of the business to Resolution Life. AMP chair David Murray said: "On behalf of the ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... provide them with objective financial advice. The class action firm said it would imminently file the charges against AMP Life Limited, AMP Financial Planning and two of its financial planning subsidiaries Charter Financial Planning and Hillross Financial ...