Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1671 - 1680 of 4173 results for amp

Royal Commission presents clear downside for bank stocks

ALEX BURKE  |  MONDAY, 23 APR 2018
... likely to ultimately affect bank earnings. As a result, the investment case in the medium term for bank stocks as well as AMP looks weak with asymmetric risks to the downside and limited upside."

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... four and five of the financial advice industry's turn before Commissioner Kenneth Hayne. Executives from Westpac, CBA and AMP have now made an appearance. Here's everything you need to know: April 20: First casualty at AMP, BTFG talks culture, Westpac ...

ROYAL COMMISSION: Top stories

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
... Here's a recap of the most read stories to come out of the first week of the Royal Commission's inquiry into financial advice. AMP admits to serious misconduct in RC submissions AMP acknowledged hundreds of instances of misconduct in relation to the ...

Meller to leave AMP immediately

JAMIE WILLIAMSON  |  FRIDAY, 20 APR 2018
Craig Meller has stepped down as chief executive of AMP effective immediately. AMP has announced Meller will leave the role in the wake of financial advice failings and misconduct brought to light by the Royal Commission. AMP non-executive director ...

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
... investigating and continues to investigate matters raised in the Royal Commission, specifically in regards to the actions of AMP. "ASIC has received many thousands of documents as it has undertaken a number of examinations of AMP staff," he said. "ASIC ...

ASIC totally unprepared for advice reforms: Tynan

ALEX BURKE  |  THURSDAY, 19 APR 2018
... is the 90-day exception, buyer of last resort stuff - this has been going on for 30 years. ASIC knows this. It's not just AMP. It's what the entire industry was built on," he said. Tynan also rubbished the idea of so-called 90-day exceptions only lasting ...

Suncorp names new chair

HARRISON WORLEY  |  THURSDAY, 19 APR 2018
... veteran of the financial services industry with more than 20 years' experience, having held professional roles at IAG and AMP. She has also enjoyed a long executive career, having previously held directorships with Whitehaven Coal, Spark Infrastructure ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... awkward pauses and some confusing apologies, here's all the evidence heard by the Commission so far: April 18: CBA comes in, AMP goes out AMP advisers could dip into their client's investments to deduct fees if the clients' account did not have enough ...

AMP platform fees laid bare

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
The Royal Commission brought to light several gaping holes in AMP's fee charging mechanisms across its platforms, as well as its inaction to comply with the legislative changes concerning opt-in financial advice fees. AMP head of platform development ...

Insto licensees still bleeding talent

ALEX BURKE  |  WEDNESDAY, 18 APR 2018
... advisers associated with non-aligned licensees increased to 36%. The big-six advice groups - that is, the big four plus IOOF and AMP - saw their adviser numbers fall by 6% to 9205. Of that cohort, only IOOF saw an increase in its adviser footprint. This ...