AMPFPA action progresses, associations mergeBY JAMIE WILLIAMSON | WEDNESDAY, 12 FEB 2020 12:36PM
The AMP Financial Planners Association is anticipating a class action to be filed on behalf of its members later this month, as it gears up to merge with the Hillross Advisers Association.Read more: FPA, AMPFPA, Hillross Advisers Association, AMP Financial Planners Association, Corrs, AFA, Finance Sector Union, Financial Standard, High Court, Neil Macdonald, Small Business Ombudsman
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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