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

READ NOW

Financial Planning

AMP to pay $100m to settle BOLR class action

BY 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.

Upgrade your subscription to access this article

And gain access to:

All archived news content
Access to the Financial Standard app
Home page news customisation
Financial Standard 's fortnightly newspaper
25% discount on tickets to networking events

And more

Already A Subscriber?

UPGRADE SUBSCRIPTION

VIEW COMMENT (1)

Related News

►	AMP completes advice licensees sale
►	Settlement reached in Caddick class action
►	South Australian financial adviser slapped with seven-year ban
►	Sally Auld to take on chief economist role at NAB
►	JBWere restructures, chief executive exits
►	Cbus confirms CFMEU nominations to board
►	QIC backs Virescent Ventures
►	Fair Work ruling, ASIC put offshoring arrangements on notice
►	AFCA names and shames in fresh Datacube release
►	Bragg calls for Cbus to front Senate

Editor's Choice

Settlement reached in Caddick class action

ELIZA BAVIN

Lawyers leading the class action said they feel the settlement is a "great outcome" for the applicants.

Platinum, Regal put acquisition talks to bed

JAMIE WILLIAMSON

After completing due diligence, Regal Partners says it is no longer interested in acquiring Platinum Asset Management. It comes as the latter confirms its first deal under the new Platinum Partner Series initiative.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Videos

Brought to you by

Under the hood

Gearing up

Entering a new era

Recipe for retirement readiness

Confidence guaranteed

MORE VIDEOS

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

Jenny Taing

Principal Solicitor

KHQ Lawyers

'Chameleon ETFs': Still groundbreaking and here to stay?

It was coined as a 'gamechanger' - an ETF that can be bought and sold on the ASX or Cboe Australia but that can also be applied for, and redeemed, directly ...

READ MORE

Robert Talevski

Managing Director

Activam

Tailored or off-the-shelf: What's right for your practice?

In the ever-evolving landscape of wealth management, financial advisers and investment professionals are faced with a multitude of choices when it comes ...

READ MORE

Nathan Robertson

Chief Executive Officer

Alvia Partners

Five principles for successful family office investing

At the time of writing, Australian public companies were at the end of another round of reporting their half-yearly financial results. For investors and ...

READ MORE

Robert De Dominicis

Chief Executive Officer

GBST

Mistaking financial literacy for retirement literacy

Many are unclear about how to transition from working life to retirement, particularly regarding their retirement savings and the options available to ...

READ MORE

Industry Events

MORE INDUSTRY EVENTS

DEC

Advisers Big Day Out - Adelaide

Featured Profile

MORE PROFILES

Kellie Wood

HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED

Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.

READ MORE