AMP to pay $100m to settle BOLR class actionBY JAMIE WILLIAMSON | THURSDAY, 23 NOV 2023 12:52PM AMP will pay $100 million to settle the long-running Buyer of Last Resort (BOLR) class action - an amount double what it initially provisioned. Related News |
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Superannuation trustees, platforms and cyber resilience will be under more scrutiny in the 2027 financial year from the prudential regulator.
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Perpetual's earnings will be slugged with a massive impairment thanks to an unnamed client redeeming nearly $6.5 billion (US$4.6bn) from a strategy run by Thompson, Siegel & Walmsley LLC (TSW).
GQG hit by $21bn outflows, FUM falls
GQG Partners has recorded US$15.1 billion ($21.2 billion) in net outflows in the first half of 2026, sending funds under management (FUM) down 9.5% despite resilient investment performance across several of its strategies.
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Andrew Gregory
CHIEF ADVICE OFFICER
UNISUPER
UNISUPER
After 25 years, Andrew Gregory remains motivated by the impact financial advice can have on Australians' lives. As UniSuper's chief advice officer, he is not slowing down on any of his current ambitions. Matthew Wai writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
This is not the outcome the advisers would have wished for. This is not what the ruling was deemed to have been.