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AMP profits nosedive, new board director announced

AMP profit stumbled 74% in the first half of the year as the wealth manager took a $290 million hit from advice remediation following the financial services Royal Commission.

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Read more: Royal CommissionAustraliaTreasury Secretary John FraserAMP Chairman David MurrayAMP BankAMP LimitedAustralian TreasuryUBS Global Asset Management