Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 38 results for "AMPFP"

Litigation funder disputes AMP BOLR settlement

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... BOLR liability stood at $1.2 billion covering about 800 practices. On 8 August 2019, when the BOLR changes were introduced, AMPFP had 542 practices in its network. Fewer practices - about 135 - took part in the class action. Equity Financial Planners ...

Former AMP adviser banned by ASIC

ANDREW MCKEAN  |  THURSDAY, 14 DEC 2023
ASIC has prohibited former AMP Financial Planning (AMPFP) adviser Darron Mink from providing financial services or engaging in credit activities for five years. Mink, who was also the sole director of Newcastle's Pinnacle Financial and Investment ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... its next steps". "AMP will provide an update in due course," the wealth management firm said. The BOLR changes sprung by AMPFP left many of its advisers up in arms, claiming that they were reassured by executives in May 2018 that the terms would be unchanged. ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... AMP Financial Planning, AMP Superannuation, and NM Superannuation - breached the law. However, only AMP Life ($18m) and AMPFP ($6m) will pay a combined penalty of $24 million. AMP Life and AMP Financial Planning admitted that they engaged in unconscionable ...

The Advisers Association appoints chair

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... The TAA board is comprised of representatives from its member base: authorised representatives of AMP Financial Planning (AMPFP) and Hillross Financial Services.

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
Among the changes announced this morning, AMP is putting an end to all Buyer of Last Resort (BOLR) arrangements at the end of the year and giving advisers the freedom to leave the network with their clients from 2022. As part of a new service model ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... defend. The proceedings relate to financial advisers aligned with AMP Financial Planning and Hillross Financial Services. "AMPFP and Hillross are committed to complying with their obligations relating to ensuring their advisers act in the best interests ...

Advisers file class action against AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 29 JUL 2020
... other class actions. Speaking to Financial Standard, The Advisers Association (TAA) chief executive Neil Macdonald said its AMPFP members are relieved the action has been filed. "A lot of our members are just shattered, essentially. It's taken a ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... added to the ASIC FAR in the same period. AMP Financial Planning lost the most advisers, with 153 leaving the licensee. AMPFP now has 1011 financial advisers remaining after starting the year with 1164. Charter Financial Planning lost a further 77 advisers ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... grandfathered commissions in January 2020, 12 months ahead of the legislated ban on grandfathered commissions. "Furthermore, AMPFP has issued notices of termination to an estimated 250 planners that were assessed as being of 'lower profitability', forcing ...
PAGE:
1
PREVIOUS
NEXT