Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1301 - 1310 of 4191 results for "Amp"

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
Super Consumers Australia (SCA) has slammed AMP in an open letter to the board; criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released ...

Culture index launched

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... organisational culture was the major contributing factor to the types of failings witnessed at organisations like Westpac and AMP. "It's universally acknowledged that transparency is the greatest regulator. The notion of transparency pivots thinking ...

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... products, 12 are offered by industry super funds. The remaining three are all corporate superannuation products offered by AMP, with Brookfield Australia MySuper, Macquarie Group MySuper and Woolworths Group MySuper all performing above benchmark across ...

New hires, mandates at Link

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... services most recently as senior manager, investment control at SAS Corporation. Previously, Sipek spent over seven years at AMP Capital as director of investment services and head of operations. He was also head of investment operations at Colonial ...

K2 head of distribution departs

KANIKA SOOD  |  FRIDAY, 6 DEC 2019
... $3.6 million, of which $1.3 million was transferred to other K2 funds, the company said in ASX filings. Earlier this month, AMP swapped out the K2 Australian Absolute Return Fund, which had managed $46.8 million for some of its superannuation options. ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
AMP announced it will introduce annual agreements for clients who currently receive ongoing financial advice. During 2020, ongoing advice agreements will be phased out for all AMP-aligned and employed advice networks. "We have been considering the best ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
ASIC commenced civil proceedings against a former authorised representative of AMP accused of operating an unregistered managed investment scheme and using investor funds for themselves. The corporate regulator has taken action against former financial ...

Super funds to crack 13% by year end, retail leading

KANIKA SOOD  |  THURSDAY, 5 DEC 2019
... Smart Choice Super reported a juicy 26% return for the period. International equities options delivered 12.9%, with the leader AMP Simple Super reporting 18.1% returns for the period. Property options averaged 14.2% returns for the 12-months to October. ...

AMP given the boot by AFL

KANIKA SOOD  |  TUESDAY, 3 DEC 2019
AMP has lost its long-standing mandate as the default superannuation fund for the Australian Football League's players and employees. Starting 28 February 2020, Hostplus will be the AFL's default fund of choice. AMP won the mandate in 1999 ...

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... immediately take steps to improve the robustness of their compliance measures. AFS licensees that are or were part of the AMP, ANZ, CBA, Macquarie, NAB and Westpac financial services groups were not included in the review. "This was because we were already ...