Search ResultsShowing 1 - 10 of 24 results for "AMP Super"
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. ...
AMP faces super fee gouge class action
KARREN VERGARA  |  THURSDAY, 30 MAY 2019
AMP said it will "vigorously" defend the class action launched by Maurice Blackburn Lawyers, alleging it overcharged superannuation fund members fees unjustifiably. Backed by litigation funder Harbour, the law firm filed a class action seeking compensation ...
APRA grilled over superannuation
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... model" in 2017 and branded it as "robust". Then in August this year, it was revealed that APRA had expected to question AMP Super on the framework. "On the one hand, last year you were looking at the processes and the documents and saying, 'this is a ...
Aussie funds among the world's largest asset owners
KANIKA SOOD  |  MONDAY, 12 NOV 2018
Nine Australian funds, including four superannuation funds, have ranked among the world's largest asset owners in a new study. The inaugural Asset Owner 100 study from Willis Towers Watson's Thinking Ahead Institute looked at the world's ...
Former AustralianSuper risk boss joins AMP super boards
HARRISON WORLEY  |  TUESDAY, 16 OCT 2018
... industry clients. He joins the boards of AMP Superannuation and N.M. Superannuation. Joining Brain as a new face on the AMP Super boards is a former group executive of Perpetual's equities division, Cathy Doyle. Doyle's career includes 25 years of work ...
AMP, CBA respond to record class action bid
JAMIE WILLIAMSON  |  WEDNESDAY, 12 SEP 2018
... its Get Your Super Back campaign yesterday, Slater and Gordon alleged CBA-owned super fund Colonial First State and AMP Super failed to obtain competitive cash interest rates on cash option funds and charged exorbitant fees. Slater and Gordon estimates ...
AMP incorrectly charged more than $26 million: Royal Commission
HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... members more than $26 million in fees. AMP found itself in the witness box on Day 48 of the Royal Commission; with AMP Super chair Rick Allert answering questions in the morning session before AMP director of regulatory governance Rachel Sansom was quizzed. ...
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