Search ResultsShowing 1 - 10 of 30 results for "AMP Super"
Latest data reveals super admin problem
ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
Around half of complaints received about superannuation are to do with account administration issues, according to latest data from AFCA. The Australian Financial Complaints Authority's (AFCA) Datacube revealed out of the 2220 complaints received about ...
Advice industry compresses
ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... managed accounts of offer model portfolios. The fastest growing are Pursuit Focus Allocated Pension, BT Panorama Super, AMP Super Directions Personal, MLC MasterKey Business Super and HUB24 Invest. When it comes to managed discretionary accounts, Shaw ...
Industry split over super fee hike
ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
A new fee introduced by Australia's largest superannuation fund has divided the industry, with many questioning its legitimacy. Earlier this month AustralianSuper notified members it would be introducing a new fee called 'Administration fee ...
AMP remediation processes questionable
JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... to be paid into. The spokesperson said the majority of money returned was to existing members who still have active AMP super accounts. However, the refunds for those without existing accounts were deposited into newly established AMP Eligible Rollover ...
First Sentier hires AMP Capital portfolio manager
KANIKA SOOD  |  FRIDAY, 10 JAN 2020
First Sentier has added an AMP Capital portfolio manager to its multi-asset team as an existing senior portfolio manager moves to the co-head role. Heath Palos joined First Sentier's multi-asset solutions team on Monday. In his most recent role ...
AMP to cull super trustee, five funds
HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
Francesco De Ferrari's long touted shake-up of AMP's wealth management business is starting to take shape, with the firm just months away from culling a superannuation trustee and five super funds. Responding to a question on notice from its November ...
AMP shamed by CHOICE
ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... losing value as fees eat into the principle. According to CHOICE there are over a million idle accounts within the AMP super products. Cameron Sinclair, a senior policy adviser at the CHOICE-affiliated Super Consumers Australia said AMP has no one to ...
Super funds face scrutiny in Canberra
ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
AustralianSuper, AMP Super, IOOF, QSuper and Hostplus are just some of the funds that will front the committee for a two day hearing in Canberra in November as part of its ongoing review of the four major banks and other financial institutions. Other ...
Group life premiums topple benefits paid: Research
KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
... Rainmaker research found the gross five-year payout ratio for NFP funds was 51%, while retail funds recorded a 41% margin. AMP Super topped the ladder, raking in $4.7 billion in premiums and paying 42% or nearly $1.95 billion in benefits. Industry fund ...
AMP Super, board slapped with licence conditions
KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... several areas of superannuation law. AMP Superannuation and N.M. Superannuation Proprietary, collectively known as AMP Super, were slapped with new directions and licence conditions because APRA wants to see "significant changes" to business practices. ...
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