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Showing 1651 - 1660 of 4173 results for amp

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class ...

Infrastructure receives $24.5 billion injection

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... and future cash flows are generally adjusted in line with inflation to maintain the real value of income streams. Meanwhile AMP Capital, with an infrastructure business of $14.8 billion FUM thinks there could be opportunities down the line. "While too ...

QIC expands executive team, bolsters US footprint

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Private Capital. Prior to joining QIC in October 2012, Delaney was a business director of client, product and marketing at AMP Capital for 14 years. Chief executive Damien Frawley said Delaney's appointment reflects the value that QIC places on further ...

Three AMP directors step down

ALEX BURKE  |  TUESDAY, 8 MAY 2018
Three non-executive directors have chosen to resign from AMP's board. While Patty Akopiantz will serve until the end of the year, Vanessa Wallace and Holly Kramer will step down from the board ahead of AMP's annual general meeting. Wallace will also ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...

Former industry fund CEO moves to AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
The former chief executive of an $11 billion industry superannuation fund recently joined AMP in a role that will focus on new and existing group insurance clients. Former Local Government Super chief executive Peter Lambert moved to AMP in April. He ...

Fees for no service an old issue: AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
Responding to Royal Commission findings, AMP says its fees for no service issue is old news; preparation of a Clayton Utz report into the issue has been overstated; and its misleading representations to ASIC have also been overstated. The 28-page response ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... year-on-year. Platforms were a hot topic in the financial services Royal Commission last month. Commissioner Kenneth Hayne described AMP's fee structure as a "collection mechanism" that automatically disposes clients' assets to cover administration and ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
... exposure to the wealth space. He said they were downsizing their mergers and acquisitions teams and wrapping up dealer groups, as AMP did with Genesys. "I think it's a pretty strong reflection of their diminished level of appetite for the sector," he ...

Royal Commission to drive independent advice market: GlobalData

KANIKA SOOD  |  MONDAY, 30 APR 2018
Financial planners are likely to ditch the big four and AMP's wealth businesses to set shop alone, as customers move towards independent advice following the Royal Commission, according to GlobalData. Customers will become more discerning in their choice ...