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Showing 11 - 20 of 105 results for "Wealth Protection"

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... saying it has completed phase one of simplification in parallel with the completion of Australia and New Zealand wealth protection and mature business transactions. AMP also announced it has entered into an agreement to repurchase MUTB's 15% shareholding ...

AZ NGA makes 64th acquisition

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... (AZ NGA) has acquired a material interest in a risk advice business with offices in Sydney and Brisbane. Certe Wealth Protection is a specialist risk insurance advice business that currently employs four advisers and seven support staff. It has approximately ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
... financial strength rating was downgraded to reflect the weaker profitability and elevated product risk of the wealth protection business as well as the expectation of a weaker market position going forward, after AMP Life is sold to Resolution Life. ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
ASIC commenced civil proceedings against a former authorised representative of AMP accused of operating an unregistered managed investment scheme and using investor funds for themselves. The corporate regulator has taken action against former financial ...

PPS Mutual bolsters leadership

ELIZABETH MCARTHUR  |  FRIDAY, 16 AUG 2019
... protection specialist at National Australia Bank and senior underwriter at Westpac. He spent five years as a private wealth protection adviser, PPS Mutual say those insights into adviser requirements will allow Lowe to deliver bespoke underwriting support ...

Risk advisory firms merge

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
... the firms share common values, cultures and a commitment to put clients first. CRA specialises in income and wealth protection, while MBS focuses on personal and business risk protection. The combined entity will have 18 authorised financial advisers ...

AMP profits dive, chief pay restructured

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... for the advice business, the cessation of internal distribution arrangements between advice and the Australian wealth protection businesses drove a revenue decrease of $40 million to just $17 million. This half's results were also impacted by Buyer of ...

AMP Life appoints temporary investment chief

KANIKA SOOD  |  MONDAY, 1 JUL 2019
... following the announcement, Merlon Capital Partners' Hamish Carlisle and Neil Margolis called AMP's sale of wealth protection and mature businesses "under-priced and value destroying". AMP chair David Murray defended the sale at its annual results in ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... AMP, where we focus on repositioning our business for the future." "Our first priority is the separation of our wealth protection and mature businesses, which will help simplify and create the basis for a more agile AMP."

Ferrari restructures AMP wealth leadership

HARRISON WORLEY  |  THURSDAY, 7 FEB 2019
... Blair Vernon set to lead its NZ advice and wealth operations. He will retain leadership of AMP's New Zealand wealth protection and mature operations in the interim as they transition on AMP Life ahead of its planned separation. In a media statement ...