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Showing 1241 - 1250 of 4173 results for amp

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
KPMG is calling for the imbalance between men and women's retirement outcomes to be redressed, pinning the blame on superannuation concessions. In its submission to the government's review of the retirement income system, KPMG highlights how the current ...

Former dealer group chief to lead Australian Ethical

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
... for making a difference." McMurdo has also previously served as chief executive of Centric Wealth Management. He also led AMP's life insurance business in New Zealand, as well as the wealth manager's local marketing efforts.

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... several other - some far smaller - funds, despite its massive FUM. AustralianSuper has an OER of 0.2%, the same as Vision Super, AMP Superannuation Savings Trust and First State Super. UniSuper is most efficient, with an OER of 0.1%. This is despite ...

AMP confirms executive hire

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... chief financial officer after Moorhead decided not to take on the role from outgoing chief financial officer Gordon Lefevre. AMP said Georgeson will formally join AMP's group leadership team, reporting directly to chief executive Francesco De Ferrari. ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
"Fear of death is worse than death itself..." - Gosho Aoyama The rate of infection from the coronavirus continues to multiply and, along with it, the sense of panic that has resulted in an almost worldwide ban on travel to and from China, complete lockdown ...

AMP urged to mediate with advisers

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has urged AMP to formally commit to mediation as it moves to exit up to 250 financial planning businesses. Carnell said over 80 AMP advisers have visited her offices in the ...

AMP cuts super fees

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
AMP is reducing investment and administration fees across its suite of superannuation products, including removing the Stronger Super fee it introduced in 2013 to finance the implementation of the reforms. The fee cuts will be applied to MySuper, choice ...

Infrastructure boutique hires former Hastings director

KANIKA SOOD  |  WEDNESDAY, 29 JAN 2020
... minimum investment sizes can be $5 million to $25 million. The fund-of-fund structure currently invests in four unlisted funds: AMP Capital Diversified Infrastructure Trust, First Sentier's GDIF Master Fund, Morrison & Co's Utilities Trust of ...

Chief economist update: Steady as it was, steady it will be

BENJAMIN ONG  |  WEDNESDAY, 29 JAN 2020
It could have been because it happened at the same time that the coronavirus was making the headlines, or because financial markets widely expected it, or a bit of both, but the European Central Bank's (ECB) first Governing Council meeting for 2020 ...