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Showing 1211 - 1220 of 4173 results for "AMP"

Avoid listed wealth giants: UBS

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
... listed wealth giants in its negative column. Analysts from global wealth giant UBS' Australian equities teams have called out AMP and IOOF as two stocks investors should avoid amid the current turmoil engulfing financial markets across the globe. Laying ...

Why remediation jobs aren't short-term

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. In its 2019 results, AMP estimated its remediation costs would hit $778 million. Many of the big banks have boosted their remediation teams significantly ...

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
AMP has announced the retirement of another director, as the beleaguered financial services powerhouse continues to shake-up its board as part of a three-year transformational strategy. Andrew Harmos will retire from AMP on May 8 to dedicate his time ...

Low rates support some bond managers: Report

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... the bottom performers is the Janus Henderson Australian Fixed Interest Fund, Aberdeen Standard Australian Fixed Income Fund, AMP Capital Wholesale Australian Bond Fund and PIMCO Australian Bond Wholesale. On the global bond front, T. Rowe Price Dynamic ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
International ratings agency Moody's has downgraded AMP Group, AMP Bank and AMP Life. AMP Group, AMP Bank and AMP Life were all downgraded from A2 to A3 and remains under review for downgrade. AMP Life's insurance financial strength rating was ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
AMP Life and AMP Capital have paid hefty penalties following infringement notices issued by ASIC. AMP Life paid $275,500 and AMP Capital paid $250,500. "ASIC issued the infringement notices as it considers there are reasonable grounds to believe there ...

ASIC drags CFS to court over MySuper

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... "CFSIL is currently reviewing ASIC's claim and CFSIL will provide any update as required." On the same day, ASIC announced AMP Life and AMP Capital have paid more than half a million in fines. The former has been penalised $275,500 while the latter paid ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
The RBA has signaled it will begin quantitative easing after the US Federal Reserve implemented QE measures overnight and slashed its interest rate. The Fed's QE measures include a US$700 billion bond buying program, as part of its effort to offset ...

Virus fallout worse than GFC: IMF

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
The International Monetary Fund has called on every government around the world to introduce substantial targeted policies to support the economy through the coronavirus epidemic. In a blog post, Gita Gopinath, economic counsellor and director of the ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... distribution at 11.3% and pension issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by AMP Life, OnePath Life and Westpac Life. Data also revealed the nation's largest fund AustralianSuper received the most complaints ...