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Search ResultsShowing 11 - 20 of 45 results for "AMP Super"
AMP remediation processes questionable
JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... to be paid into. The spokesperson said the majority of money returned was to existing members who still have active AMP super accounts. However, the refunds for those without existing accounts were deposited into newly established AMP Eligible Rollover ...
First Sentier hires AMP Capital portfolio manager
KANIKA SOOD  |  FRIDAY, 10 JAN 2020
First Sentier has added an AMP Capital portfolio manager to its multi-asset team as an existing senior portfolio manager moves to the co-head role. Heath Palos joined First Sentier's multi-asset solutions team on Monday. In his most recent role ...
AMP to cull super trustee, five funds
HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
Francesco De Ferrari's long touted shake-up of AMP's wealth management business is starting to take shape, with the firm just months away from culling a superannuation trustee and five super funds. Responding to a question on notice from its November ...
Retail fund swaps out K2
KANIKA SOOD  |  MONDAY, 25 NOV 2019
A $47 billion retail superannuation fund has dropped a K2 Asset Management Aussie equities fund for another manager's offering. The K2 Australian Absolute Return Fund managed $46.8 million on behalf of AMP Superannuation Trust and other AMP clients ...
AMP shamed by CHOICE
ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... slowly losing value as fees eat into the principle. According to CHOICE there are over a million idle accounts within the AMP super products. Cameron Sinclair, a senior policy adviser at the CHOICE-affiliated Super Consumers Australia said AMP has no ...
Super funds face scrutiny in Canberra
ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
AustralianSuper, AMP Super, IOOF, QSuper and Hostplus are just some of the funds that will front the committee for a two day hearing in Canberra in November as part of its ongoing review of the four major banks and other financial institutions. Other ...
Group life premiums topple benefits paid: Research
KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... Rainmaker research found the gross five-year payout ratio for NFP funds was 51%, while retail funds recorded a 41% margin. AMP Super topped the ladder, raking in $4.7 billion in premiums and paying 42% or nearly $1.95 billion in benefits. Industry fund ...
AMP Super, board slapped with licence conditions
KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... breached several areas of superannuation law. AMP Superannuation and N.M. Superannuation Proprietary, collectively known as AMP Super, were slapped with new directions and licence conditions because APRA wants to see "significant changes" to business ...
AMP faces super fee gouge class action
KARREN VERGARA  |  THURSDAY, 30 MAY 2019
AMP said it will "vigorously" defend the class action launched by Maurice Blackburn Lawyers, alleging it overcharged superannuation fund members fees unjustifiably. Backed by litigation funder Harbour, the law firm filed a class action seeking compensation ...
APRA grilled over superannuation
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... model" in 2017 and branded it as "robust". Then in August this year, it was revealed that APRA had expected to question AMP Super on the framework. "On the one hand, last year you were looking at the processes and the documents and saying, 'this is a ...
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