The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Financial Planning

AMP loses BOLR changes class action

BY KARREN VERGARA | WEDNESDAY, 5 JUL 2023 12:39PM

The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules.

Upgrade your subscription to access this article

And gain access to:

All website content, including archived news
Home page news customisation
Tech Zone, your technical resource library

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

VIEW COMMENTS

Related News

►	IAG settles $2.8bn lawsuit with Credit Suisse
►	Netwealth faces potential class action over First Guardian failure
►	ASIC secures court orders against questionable investment scheme
►	Sequoia plots potential restructure
►	AMP North appoints head of strategic growth
►	First Guardian victims advance in case against InterPrac
►	Federal Court confirms Netwealth's First Guardian failures
►	ASX shareholder looks to sue directors, officers over CHESS
►	Former Berndale director jailed for $700k in misused funds
►	Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

Editor's Choice

IAG settles $2.8bn lawsuit with Credit Suisse

ELIZA BAVIN

IAG announced it has settled the lawsuit with Credit Suisse relating to the collapse of Greensill Capital.

VBP names inaugural chief growth officer

VINNY VUCAGO

Financial planning outsourcing specialist Vital Business Partners (VBP) has created a new executive role focused on expanding advice relationships, winning new clients and strengthening its offering to advice businesses and licensees.

Former BW Equities employee charged for misappropriating funds

MATTHEW WAI

A former employee of the Victorian boutique advice business has been arrested and charged for allegedly trading client's shares without consent that generated close to $500,000 for himself.

Super funds risk market concentration in US: Research

ELIZA BAVIN

While Australian equity markets have always had a concentration problem, it is now becoming more prominent in global markets too, according to Scientific Beta.

Product showcase: A guaranteed future

MAX: Marketing, Advertising and Sales Excellence Awards | Highlights 2026

Risk, rates & real: Navigating the now

Product showcase: Reframing financial advice

Product Showcase: Calm in the chaos

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE

Effie Dimitropoulos

Chief executive

AUDD

Digital assets and where they stand in 2026

So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.

READ MORE

Jessica Sclafani

Global retirement strategist

T. Rowe Price

Rethinking default design in a changing market environment

The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.

READ MORE

Industry Events

MORE INDUSTRY EVENTS

OCT

Chief Economists Forum

Featured Profile

MORE PROFILES

Rachel Alembakis

STEWARDSHIP MANAGER
UNITING ETHICAL INVESTORS LIMITED

As a highly respected journalist, Rachel Alembakis helped push sustainable investing on the agenda long before it was mainstream. Now, she's stepped into the arena to shape the industry from within. Karren Vergara writes.

READ MORE