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Showing 31 - 40 of 92 results for "AMP Super"

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
AMP has delivered a return of 9.1% for members of its biggest superannuation product. The AMP MySuper 1970s investment option returned 9.1% for the financial year ending 30 June 2023. The lifecycle superannuation option, which uses a balanced growth ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

Top super funds for ESG revealed

RACHEL ALEMBAKIS  |  FRIDAY, 1 JUL 2022
... more robust." The 2022 Rainmaker ESG Leader Superannuation Funds are: Account name FUM ($billion) Active Super 14.2 AMP Super 64.9 Australian Catholic Super 10.9 Australian Ethical Super 4.0 Australian Retirement Trust 117.2 AustralianSuper 264.2 Aware ...

NFP funds dominate retiree super: Research

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... AustralianSuper, Aware Super, Australian Retirement Trust and Commonwealth Superannuation Scheme. The other funds are AMP Super, BT, MLC Super, UniSuper and Commonwealth Super Corp's PSS. Interestingly, of the top 10 retail funds by retiree assets (dollar ...

Woolworths scraps AMP super mandate

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
Woolworths has terminated the $4 billion corporate super mandate it had with AMP, instead appointing Australian Retirement Trust to manage 30,000 employees' superannuation. In a Q1 2022 assets under management and cashflows update to investors ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... superannuation industry and deliver quality superannuation outcomes for Australians. The action taken by APRA against AMP Super is cited as an example of their collaborative approach. The implementation of the Member Outcomes obligations and Design and ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... Wealth Personal Superannuation and Pension Fund. The CEU is in addition to the extra licence conditions APRA imposed on AMP Super in June 2019, with APRA saying it relates to "specific matters additional to those" addressed by that action, that may have ...

Conditional release for former Hillross adviser

ANNABELLE DICKSON  |  TUESDAY, 10 AUG 2021
... Following an investigation in 2015, ASIC found that Kourieh made and used false documents by forging 30 member signatures on AMP super investment election forms with the intention of inducing AMP employees to accept them as genuine. Kourieh's conduct ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
ASIC is suing several AMP entities over fees for no service charged on corporate superannuation accounts. The regulator has commenced civil proceedings in the Federal Court against six companies that are, or were at the time of the conduct, part of ...