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ASIC takes civil action against AMP

The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the planning division of the under-fire mutual failed to ensure its authorised financial planners complied with the best interests duty of the Corporations Act.

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Read more: AMPAMP Financial Planningfinancial planningCorporations ActFederal CourtFinancial adviceRoyal Commission