Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 42 results for "AMPFP"

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
ASIC is using intimidation tactics to get product providers to shut down grandfathered commissions early, according to the Association of Independently Owned Financial Professionals (AIOFP). Speaking to Financial Standard, AIOFP executive director Peter ...

AMPFPA selects law firm

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
The AMP Financial Planners Association has appointed a high-profile law firm to explore legal options available to its members following AMP's decision to alter its Buyer of Last Resort policy. The AMPFPA has selected Corrs Chambers Westgarth to ...

AMP advisers prepare for battle

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2019
More than 90% of the AMPFPA's members have confirmed they will support legal action against the group, with the association saying AMP is simply offloading practices it can no longer profit from. The AMP Financial Planning Association has prepared ...

AMP advice lead rejects AMPFPA claims

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
The head of AMP's advice business has rebuffed claims the group failed to meet its legal obligations to advisers in announcing changes to its Buyer of Last Resort terms, saying the AMP Financial Planning Association was informed ahead of time and ...

AMP advisers to fight BOLR changes

JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
... of advisers. It's a strategy that is estimated to impact more than 50% of AMP and AMP-aligned advisers. Responding, the ampfp has said the group is now moving to break trust with its own people. Under contract, AMP must consult with financial advisers ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... corporate regulator approved AMPFP's request, but also imposed additional license conditions on the firm "to ensure that AMPFP had adequate arrangements in place to comply with obligations related to the provision of MDA services." ASIC said it tailored ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... term incentives. On the same day, ASIC imposed additional conditions on the AMP Financial Planning's AFSL. ASIC granted AMPFP's application to vary its AFS licence to provide managed discretionary account (MDA) services after which time ASIC conducted ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
The corporate regulator has commenced Federal Court proceedings against AMP Financial Planning (AMPFP), alleging the division of the recently scrutinised mutual failed to ensure its authorised financial planners complied with the best interests duty ...

Robertson and Wadell out in AMP reshuffle

HARRY PAGE, ALICE URIBE  |  FRIDAY, 17 JAN 2014
... new management teams. Michael Guggenheimer, currently managing director of AMP's biggest licensee, AMP Financial Planning (AMPFP) will have additional responsibility for Hillross. Tim Steele as managing director of ipac and Genesys will take on additional ...

AMP restructure to lead to job cuts

ALICE URIBE  |  THURSDAY, 16 JAN 2014
... Financial Planning. Michael Guggenheimer, currently managing director of AMP's biggest licensee, AMP Financial Planning (AMPFP) will have additional responsibility for Hillross. Tim Steele as managing director of ipac and Genesys will take on additional ...