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Search ResultsShowing 1 - 9 of 9 results for "AMPFPA"
De Ferrari unaware of legal action
ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... we will vigorously defend any action if it comes," De Ferrari said. This week the AMP Financial Planners Association (AMPFPA) said it is anticipating a class action will be filed on behalf of its members later this month. AMPFPA chief executive Neil ...
AMPFPA action progresses, associations merge
JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... members later this month, as it gears up to merge with the Hillross Advisers Association. Speaking to Financial Standard, AMPFPA chief executive Neil Macdonald said the filing of the action was delayed by a High Court decision in December around how ...
What you read in 2019: Financial advice
JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... insurance products and continue to use the MLC brand, but is on a mission to divest its holding. 7. AMP advice lead rejects AMPFPA claims In early August AMP announced its plans to reshape its advice offering, including the highly contentious changes ...
AMP extends adviser deadline
JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... extend the October 31 deadline originally given to financial advisers given notice by the wealth giant. Meanwhile, the AMPFPA has confirmed action against AMP will likely be filed before year end. Following on from AMP's decision earlier this year ...
ASIC using intimidation tactics on grandfathering: AIOFP
ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... Resort policy. Johnston said Corrs Chambers Westgarth has indicated to him that the High Court action could assist the AMPFPA in its legal challenge, due to the impact the end of grandfathering will have on BOLR valuations particularly since AMP's ...
AMPFPA selects law firm
JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2019
... explore legal options available to its members following AMP's decision to alter its Buyer of Last Resort policy. The AMPFPA has selected Corrs Chambers Westgarth to act on behalf of members in investigating legal action against AMP Financial Planning. ...
AMP advisers prepare for battle
JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2019
... legal action over the changes to AMP's Buyer of Last Resort terms. Having canvassed legal firms and potential funders, AMPFPA chief executive Neil Macdonald said members intend to hold AMP accountable for the "severe financial, reputational and psychological ...
AMP advice lead rejects AMPFPA claims
JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
... 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 weeks before they were announced to the market. The association ...
AMP advisers to fight BOLR changes
JAMIE WILLIAMSON  |  MONDAY, 12 AUG 2019
... 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," he said. "Advisers had to pay four times recurring revenue to buy ...
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