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Showing 11 - 20 of 24 results for "Financial Planning advisers"

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... meaning many may have a connection to the dealer group. Lifespan gained the next most, with 12 AMP Financial Planning advisers joining the licensee. A further 10 went to AMP-aligned Charter Financial Planning and eight went to IPAC Securities. AMP-aligned ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... class action," he said. "It's quite explicit." This clause has only come into effect since AMP Financial Planning advisers brought a class action against AMP in relation to changes made to Buyer of Last Resort (BOLR) agreements, Macdonald said. "We ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... actions is being brought by Shine Lawyers over insurance sold by AMP's aligned financial advisers. AMP Financial Planning advisers also filed their own class action against the company last week over its decision to slash Buyer of Last Resort Valuations. ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... holds or previously held AMP Flexible Lifetime policies provided through AMPFP, Hillross or Charter Financial Planning advisers is being called on to join the class action along with anyone who held BT Super for Life, BT Super for Life Westpac Group ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... filed an open class action against the wealth giant in the Federal Court of Australia on behalf of AMP Financial Planning advisers. The action was initially expected to be filed late last year, but was delayed due to new regulation relating to how class ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... by engaging in insurance churn. In a case brought in June 2018, ASIC alleged that a number of AMP Financial Planning advisers engaged in 'rewriting conduct' - providing advice that results in the cancellation of the client's existing insurance ...

AMPFPA selects law firm

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
... have typically come to board meetings bi-monthly," Macdonald said. The AMPFPA represents 100% of AMP Financial Planning advisers and Macdonald estimates they contribute up to $50 billion of AMP's funds under management. Macdonald said about 150 AMPFPA ...

Synchron renews calls on risk advice separation

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... advisers will exit the industry in droves. "Australians need access to both life insurance advisers and financial planning advisers, but in our experience, these are usually two separate people and two separate disciplines," Trapnell said. He said the ...

Suncorp to drop aligned advice businesses

ALEX BURKE  |  WEDNESDAY, 25 NOV 2015
... customers." "Over the next six months we will be working closely with both the Guardian Advice and Suncorp Financial Planning advisers to explore options such as transitioning them to other licensees in the market if they choose." ASIC commented on Suncorp's ...

NAB gives advisers 3 years to meet tougher standards

LAURA MILLAN  |  MONDAY, 25 AUG 2014
... number of financial planning scandals that have deteriorated the community's trust in advisers. New NAB Financial Planning advisers will need to hold a relevant degree qualification and an advanced diploma in financial planning; or be working towards ...