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Showing 1 - 10 of 61 results for %22AMP Financial Planners Association%22

AMP challenges BOLR court ruling

KARREN VERGARA  |  WEDNESDAY, 27 SEP 2023
AMP is appealing the Federal Court's Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%. AMP filed a Notice of Appeal in the Federal Court yesterday ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The Federal Court this morning has ruled in favour of disgruntled AMP Financial Planning advisers who saw the value of their practices deteriorate after the parent company controversially changed its Buyer of Last Resort (BOLR) rules. In handing down ...

FPA membership declines, deficit materialises

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The Financial Planning Association of Australia's (FPA) membership has fallen to 10,954 members from 11,811 last year, and the association has recorded a before-tax deficit of $1.2 million for the year ended June 30. FPA member numbers decreased ...

Remediation bills revealed amid call for levy freeze extension

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2022
... Planning Association of Australia calls for an extension to the adviser levy freeze. The figure is the total from ASIC show AMP, ANZ, Commonwealth Bank, Macquarie, NAB and Westpac's respective remediation programs that were commenced following the regulator's ...

Adviser associations to merge

CASSANDRA BALDINI  |  THURSDAY, 30 JUN 2022
... April. The merger is a natural step given the TAA is itself the result of the merger of the AMP Financial Planners Association and Hillross Advisers Association in 2020. TAA chief executive Neil Macdonald welcomed the body and its members. "We are very ...

FPA names new chief executive

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
... Australia, and held senior roles with Colonial First State, BT Financial Group and Westpac. She held a series of roles with AMP between 1988 and 1997 after which she joined Rothschild Australia Asset Management as manager of premier adviser service. ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... we do not have evidence to suggest that it is within our jurisdiction," Shipton said. "I believe the treatment of AMP financial advisers is so egregious that it's a disincentive to get into the business," O'Neil said. "One AMP financial planner's business ...

New appointment to TAA board

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... efficiently deliver affordable financial advice to their clients." TAA was formed after the AMP Financial Planners Association merged with the Hillross Advisers Association earlier in 2020.

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... investigate the AMP BOLR changes. Last year AMP made changes to its BOLR agreements, which guarantee the value of AMP Financial Planning client books, reducing them from four times annual revenue to two and a half times annual revenue. "This decision ...

De Ferrari unaware of legal action

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... rights and we will vigorously defend any action if it comes," De Ferrari said. This week the AMP Financial Planners Association (AMPFPA) said it is anticipating a class action will be filed on behalf of its members later this month. AMPFPA chief executive ...
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