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Search ResultsShowing 1 - 10 of 100+ results for "AMP"
Catherine Brenner case dropped
ELIZABETH MCARTHUR, ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
ASIC has confirmed that it notified former AMP chair Catherine Brenner that it will not be taking any further action against her. A spokesperson for ASIC said that while Brenner was notified her case would not be pursued, the regulator continues to ...
AMP, CBA, Westpac face potential class action
ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
The financial advice arms of AMP, Commonwealth and Westpac are all facing a potential class action from law firm Piper Alderman. The law firm is calling on any customers who have acquired, renewed or continue to hold a financial product on recommendation ...
IOOF divests Australian Ethical
ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
... arrangements into place to safeguard the interests of super members over a long period. In 2018 Australian Ethical divested AMP over revelations about AMP's advice business that emerged during the Royal Commission. It cited fees for no service, failure ...
Super funds slapped over smoker premiums
ALLY SELBY  |  FRIDAY, 7 AUG 2020
AMP, Colonial First State, Equity Trustees, IOOF, Intrust, Netwealth and Suncorp have been caught out by the corporate watchdog for wrongfully assigning 'smoker' statuses to new members, with only four of the aforementioned businesses set to ...
Alex Wade leaves AMP
JAMIE WILLIAMSON  |  THURSDAY, 6 AUG 2020
AMP has announced the departure of AMP Australia chief executive Alex Wade, effective immediately. Wade tendered his resignation and AMP accepted it, the group said. Chief executive of AMP's New Zealand Wealth Management, Blair Vernon, will replace ...
AMP launches new managed portfolios
JAMIE WILLIAMSON  |  TUESDAY, 4 AUG 2020
AMP is launching a new range of managed portfolios, available on its flagship MyNorth platform. The actively managed IndexPlus range blends a low fee with low-turnover index-based investments, AMP said. The range includes five products with varying ...
Lazard dumps AMP shares
ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
In a notice to the ASX, AMP said Lazard Asset Management has ceased being a substantial holder in the company. On June 30, Lazard sold more than 17 million shares in AMP worth over $29 million. In Lazard's June fund updates, AMP was among the top five ...
AMP Capital names real estate head replacement
ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
AMP Capital named its new head of real estate following Carmel Hourigan's decision to join Charter Hall. Kylie O'Connor has been promoted to the position, currently working as AMP Capital Real Estate chief operating officer and managing director separate ...
Life insurance at tipping point: Industry leaders
ALLY SELBY  |  FRIDAY, 31 JUL 2020
... RGA Australia managing director Mark Stewart, Zurich Life and Investments Australian chief executive Justin Delaney, and AMP Life and Resolution Life Australasia chief executive Megan Beer said there was an urgent need for greater sustainability, viability ...
AMP, BT and CBA to face class action
ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... alleges that more than half a million Australians were charged excessive insurance premiums by financial advisers aligned with AMP, BT and Commonwealth Bank. Proceedings have already been filed against AMP, which AMP says it will defend. The proceedings ...
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