AMP defaulted members as smokers: Royal CommissionBY KARREN VERGARA | MONDAY, 17 SEP 2018 12:36PMAn AMP non-smoking superannuation fund member was charged excessive premiums of up to $72,000 after he was unknowingly defaulted as a smoker, the Royal Commission heard this morning.
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Adviser numbers plateau
The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share.
Praemium loses $700m due to adviser transitions
Praemium reported total net outfows from its Powerwrap scheme has reached $700 million over the past three quarters.
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