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Showing 1061 - 1070 of 4171 results for "AMP"

S&P downgrades AMP

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
AMP Limited and AMP Group have been hit with a credit downgrade from S&P. S&P downgraded AMP Limited and AMP Group Holdings from BBB to BBB-. AMP Bank also got a downgrade, from BBB+ to BBB. However, the outlook for AMP Group improved from "creditwatch ...

Credit Suisse names preferred investment options

ELIZA BAVIN  |  TUESDAY, 8 SEP 2020
... trading activity (~3bp impact for HUB/NWL) is yet to flow through. Ultimately, the value investment cases underpinning IFL and AMP will take time to play out - although AMP's may have been brought forward with its strategic review and IFL's pushed out ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
AMP is allegedly handing departing financial advisers a contract with a clause in it that prohibits them from joining the current open class action. The Advisers Association chief executive Neil Macdonald said he became aware of a new clause in AMP's ...

Morningstar sticks to AMP Capital ratings

KANIKA SOOD  |  FRIDAY, 4 SEP 2020
Morningstar analysts are holding on their ratings for AMP Capital funds for now, amid harassment allegations and other leadership changes. The ratings house currently covers a number of funds from AMP Capital, across infrastructure, property and multi-asset ...

Count Financial faces class action

ANNABELLE DICKSON  |  FRIDAY, 4 SEP 2020
... proceedings did not come without warning, as Piper Alderman made a call out for customers from the financial advice arms of AMP, CBA and Westpac who had either acquired, renewed or continue to hold a financial product on recommendation of an adviser ...

Morningstar upgrades four, downgrades 10

ALLY SELBY  |  THURSDAY, 3 SEP 2020
... team composition, process changes, and our degree of relative conviction." Strategies updated following the review include AMP Capital's Australian Bond, which has been upgraded from bronze to silver. "AMP Capital has continued to show the fruits ...

AMP reviews business units

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
AMP has announced its board is undertaking a portfolio review of the group's assets and businesses, in the first major move by newly appointed chair Debra Hazelton. The embattled wealth manager said its board remains committed to AMP's transformation ...

AMP does not treat advisers fairly: Poll

ELIZABETH MCARTHUR  |  TUESDAY, 1 SEP 2020
A new poll has revealed widespread disappointment in AMP's treatment of its aligned financial advisers in renegotiating Buyer of Last Resort (BOLR) agreements. Financial Standard polled roughly 250 people in the financial services industry, asking them ...

Advice group flees MLC after IOOF takeover

ANNABELLE DICKSON  |  TUESDAY, 1 SEP 2020
... starting immediately with today and tomorrow's briefings." HFM & Partners made the shift to MLC after the announcement that AMP was acquiring its previous licensee AXA in 2011. Haywood said he saw what was going to happen at AMP and does not want ...

QBE chief exits after workplace complaint

ALLY SELBY  |  TUESDAY, 1 SEP 2020
... It comes as allegations of sexual assault and workplace misconduct circle another large Australian financial institution; AMP, with Financial Standard reporting just yesterday that Maurice Blackburn, the firm acting for AMP sexual harassment victim Julia ...