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| | | ... 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 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'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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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'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 ... |
| | | | ... 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 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 ... |
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