AMP faces fresh class actionBY ALLY SELBY | WEDNESDAY, 12 FEB 2020 12:35PM
AMP is facing a fresh class action, as Shine Lawyers confirms it is investigating whether the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients.Read more: Shine Lawyers, AMP Financial Planning, Charter Financial Planning, Hillross Financial Services, AMP Life Limited, Colonial First State, Federal Court of Australia, Jan Saddler, Woodsford Litigation Funding
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
The $10 billion industry superannuation fund has issued a notice to members detailing changes to investment fees, admin fees, insurance premiums and investment objectives.
New research has revealed the 22 ASX 300 companies - many of which super funds have exposure to - that are polluters and haven't performed well this year.
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