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| | | ... said it would challenge the changes, saying AMP had failed to consult with advisers or give the required 13 months' notice of a substantial change. Wade rebuked this, saying the AMPFPA received a full briefing on the BOLR changes on July 25 - two ... |
| | | | ... interest in the company does not exceed 20% per the Financial Sectors (Shareholding) Act 1998, according to an August 14 notice signed by the Federal Treasurer Josh Frydenberg. In its annual results announced August 13, Challenger said an MS&AD representative ... |
| | | | ... expenses. "We may vary the fees without your consent but where required to, will provide you with at least 30 days' notice in advance of any increases to fees and costs," the updated PDS shows. Under the old structure, the fund used to charge ICRs ... |
| | | | ... disclose how they prepare renewal notices, record and action client response and monitor and audit compliance with renewal notice obligations. The letter, which was sent in October 2018, requested platforms provide information about whether there is ... |
| | | | ... people. Under contract, AMP must consult with financial advisers when considering changes to terms in addition to 13 months' notice of any move expected to have a detrimental impact, ampfpa chief executive Neil Macdonald said. "AMP has done neither," ... |
| | | | AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ... |
| | | | ... nine and 28 days late filing quarterly reports with APRA too. Those reports were due on 10 May 2019. APRA sent show cause notice to the entities on 22 July, indicating its intention to serve infringement notices and seeking responses. After assessing ... |
| | | | Reporting a 50% drop in wealth management profits, AMP conceded chief executive Francesco De Ferrari's remuneration will have to be reconsidered in light of share price tumbles. The group reported an underlying profit of $309 million for the first half ... |
| | | | The startup superannuation fund has appointed a new chief executive, bidding farewell to its co-founder Paul Bennetts who will exit management. Spaceship chair Andrew Moore was announced as the new chief executive for the company to staff this morning. ... |
| | | | ... Standard Life. Following the merger, Lloyds Banking Group's wealth businesses and the pension fund gave Standard Life Aberdeen notice it would pull the $186 billion (?104 billion) mandate originally awarded to Aberdeen Asset Management, saying Standard ... |
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