MySuper impacts AMP investment revenueBY DARREN SNYDER | FRIDAY, 21 AUG 2015 12:45PMA greater share of assets entering lower-fee MySuper products is affecting AMP's investment related revenue. Related News |
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Yeah but what about all the commission that AMP will save by not having to pass this to Advisers through the MySuper product?
Interestingly no mention of the decline in the SMSF business. In a growing sector down 74 funds. Revenue flat & not profitable. Acquired another administration business in July. Bigger is not necessarily better.