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Showing 1581 - 1590 of 4173 results for amp

Trust in financial services down since Royal Commission: Poll

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
... have been claimed well before the Commission issues its draft report - due in September. The financial advice hearings saw AMP in particular take a major hit, with several board members, the chief executive and chair all stepping down from the wealth ...

AMP profits nosedive, new board director announced

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP profit stumbled 74% in the first half of the year as the wealth manager took a $290 million hit from advice remediation following the financial services Royal Commission. It brought in a net profit of $115 million as compared to $445 million in ...

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP's wealth management arm, which includes its superannuation and platform products, saw net outflows of $873 million in the first half of 2018. By comparison, it had recorded net inflows of more than $1 billion in first half of last year. AMP's North ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... via funding from the Federal Government, a sizeable chunk of which will be used to embed staff within the big four banks and AMP. The Federal Government announced it is injecting a further $70.1 million into ASIC to ensure it is well resourced to combat ...

MetLife revamps relationship management and underwriting teams

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... December 2017. She was manager of underwriting services and operations for Victoria, South Australia and Western Australia at AMP. Finally, Hadley Fredericks joined as a senior retail underwriter. He was a senior underwriter at Zurich Life and Macquarie ...

Lose grandfathered commissions, lose business: MLC

KARREN VERGARA AND JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... had no reason to believe that members weren't getting the advice they were paying for. Earlier in the day, Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super admitted to engaging in miscount or possible misconduct with respect to advice fees in their ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Royal Commission's fifth round, which kicked off in Melbourne this morning, Senior Counsel Assisting Michael Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super have admitted to engaging in miscount or possible misconduct with respect to advice fees ...

Super funds suit up for Royal Commission

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... conflicts of interest are influencing super funds and letting ordinary working Australians down. AustralianSuper, Cbus and AMP Super are among 14 retail and industry super funds, collectively managing about $700 billion, which made the witness list for ...

AMP appoints advice executive

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
AMP has chosen a former ANZ executive to fill a key strategic role in its advice business. Luke Symons is joining AMP as the director, channel performance and growth. He will be responsible for strengthening AMP's advice network and the professional ...