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Showing 1471 - 1480 of 4173 results for amp

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... executives. Commissioner Hayne said the final round of hearings - which saw chief executives and chairs of the big banks, AMP and financial services regulators APRA and ASIC take the stand - surprised him, in the sense that executives were to some extent ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... superannuation and platforms. Responding to the Commissioner's interim report late last year, Australia's big four banks, AMP and Macquarie said Hayne should avoid recommending legislative action disturbing the model which has been widely adopted ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... million in grandfathered commissions on life insurance in super products), AIA paid $690 million, CommInsure paid $460 million, AMP paid $380 million and Zurich paid $113 million. Opposition to abolishing life risk insurance commissions Submissions to ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... declarations and enhanced disclosures to regulators. The exodus of financial advisers from the big six groups (big four banks + AMP + IOOF) should now step up a gear. In just the past two years the share of advisers in boutique non-aligned advice groups ...

SMSF expert joins AMP board

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
... is set to take a seat on AMP's board next month. Joining as a non-executive director, Slattery will begin her tenure at AMP on February 15. She left a non-executive director position at Centrepoint Alliance on 31 January 2019 to take up the role ...

SuperConcepts names interim chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JAN 2019
... is effective February 1 and Fenech will assist with a smooth transition, SuperConcepts said. Urquhart spent nine years at AMP prior to transitioning to SuperConcepts. He also previously held roles with Morgan Stanley and is a former Clayton Utz solicitor. ...

Most clients coping with financial stress: Poll

KARREN VERGARA  |  TUESDAY, 29 JAN 2019
... One-in-four (25%) clients feel financially secure. No clients were reported to be highly stressed about their finances. A recent AMP study found 2.44 million Australians are experiencing financial stress. This leads to workers taking about 2.5 extra ...

Labour and housing drive rate sentiment

KANIKA SOOD  |  TUESDAY, 29 JAN 2019
As the Reserve Bank of Australia holds the cash rate at 1.5%, economic conversations are moving from a rise to a cut. AMP Capital chief economist Shane Oliver earlier this month said the RBA could cut to 1% by the end of 2019, with the first rate cut ...

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
AMP is expecting to report about $30 million in profit attributable to shareholders for FY18, dragging down its final dividend for the year to four cents per share. Providing earnings guidance ahead of its annual results slated for February 14, the ...

AMP Capital starts new team, appoints two leads

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
AMP Capital has set up a new investment team aimed at large institutional investors, appointing two heads. The global direct investments team will oversee direct investments made alongside AMP Capital's infrastructure equity funds. AMP Capital has ...