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Regulatory

AMP to pay $5m for churn

BY JAMIE WILLIAMSON | WEDNESDAY, 5 FEB 2020 3:43PM

The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn.

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Read more: AMP, ASIC, AMP Life, Rommel Panganiban

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