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Showing 1361 - 1370 of 4173 results for amp

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ...

AMP announces new strategy, capital raise

JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
AMP has announced a range of initiatives aimed to reposition it for the future, including a $650 million capital raise to reinvent its wealth management offering. Releasing its 1H19 results today, AMP has launched a $650 million capital raise to fund ...

AMP MDA constraints frustrate advisers

ELIZABETH MCARTHUR  |  MONDAY, 5 AUG 2019
The additional conditions imposed on AMP Financial Planning's managed discretionary account (MDA) licence has resulted in so many constraints on financial advisers that the offering is reportedly "unusable". A source told Financial Standard that AMP ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
A 2017 report by ASIC into how the big banks and AMP oversee financial advisers has netted less than $120 million in remediation to date. AMP, ANZ, Commonwealth Bank, NAB and Westpac have paid a total of $119.7 million [see figure 1] in remediation ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... institutionally-owned licensees. The average FUA per adviser has fallen from $40 million to $35 million in the last year. AMP Financial Planning, IOOF Group, Commonwealth Financial Planning, NAB and SMSF Advisers Network are the five largest advice licensees. ...

Sydney portfolio manager on best female fundies list

KANIKA SOOD  |  TUESDAY, 30 JUL 2019
... three years covering banks, insurers and diversified financials. Prior to that she was an analyst / portfolio manager with AMP Capital for the AMP Value Plus Fund covering financials, food and retail. She worked as a consultant with Boston Consulting ...

MLC Wealth shuffles leadership

HARRISON WORLEY  |  THURSDAY, 25 JUL 2019
... and will assume the role of group executive, retirement and investment solutions from September. Steele previously served at AMP for more than seven years, including as managing director of ipac and Genesys, and as director of AMP Horizons. MLC Wealth ...

Shorting doesn't have to be risky: Solaris

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUL 2019
... success stories. "Twelve months ago we stood up here and told you that one of our big pairs trades was Macquarie long and AMP short - we've still got that trade on today, that's been one of our most profitable trades. What we're eliminating there is ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... the wealth management sector, with several submissions to the committee's inquiry - including those of AustralianSuper and AMP - noting the compressed deadline would lead to confusion and indecision among affected fund members. While conceding the Government ...

AMP Capital revamps ethical super funds

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
AMP Capital announced a series of updates to its ethical superannuation funds - including a new name, enhanced screens and an industry-first advisory committee. Previously known as the AMP Capital Responsible Investments Leaders funds, the funds will ...