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Showing 291 - 300 of 4164 results for "AMP"

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... APRA said there was a concentration of trustees offering the highest cost products, with Macquarie responsible for two and AMP's Wealth Personal responsible for six. "Trustees need to have robust product governance in place to ensure they meet their ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... Australian households is an equally important objective that has not received adequate recognition among financial regulators." AMP deputy chief economist Diana Mousina said the 425 basis point increase in the case rate over 2022 to 2023 has been the ...

GAM Investments loses local lead

ELIZABETH FRY  |  FRIDAY, 20 SEP 2024
... solutions for Barclays Capital for five years, landing from Macquarie Bank following stints at Skandia, Zurich Insurance and AMP. Five months ago, GAM recruited Alexandra Williamson as distribution manager for institutions and wealth advisory. Williamson ...

AMP BOLR litigants face lengthy payout process

KARREN VERGARA  |  TUESDAY, 17 SEP 2024
Despite the Federal Court greenlighting the AMP Buyer of Last Resort (BOLR) lawsuit settlement amount, there is still a long way to go before financial advisers can have peace of mind with the payout process to potentially draw out to mid-2025. This ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... widely tipped to fire the starting gun on its first rate cutting cycle in years; here's what top economists see unfolding. AMP deputy chief economist Diana Mousina said some people believe the Fed is behind the curve and that the labour market will weaken ...

Former industry fund chief in new role

ELIZABETH FRY  |  FRIDAY, 13 SEP 2024
... Opportunities Fund, which is available via platforms including Netwealth, uXchange, Mason Stevens, Hub24 and BT Panorama, Praemium and AMP North," he said. "I have watched with interest as the group has expanded into alternative assets, including dairy ...

Mercer awarded mandate for North's APS CoreSeries

MATTHEW WAI  |  FRIDAY, 13 SEP 2024
... access bespoke managed portfolio solutions and we wanted to solve for this under-served segment of the market," Edwina Maloney, AMP group executive and director of platforms, said. Advisers and their clients can access a more personalised space on North ...

Federal Court approves AMP BOLR class action settlement

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions. Justice McElwaine approved the settlement amount AMP Financial Planning (AMPFP) must now pay ...

AMP hires GM risk, compliance

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
AMP has appointed a new general manager of risk, compliance, and policy who recently finished up at ClearView. Cloe Reece joined the wealth manager this month after spending more than two years as ClearView's chief risk officer, where she led the ...