|Search Results||Showing 1 - 10 of 19 results for "BOLR"|
|... Following on from AMP's decision earlier this year to restructure its advice business and slash Buyer of Last Resort (BOLR) multiples, financial advisers who were given their notice by the institution have been given an additional month to consider ...|
|... Cook says that by November, 2016 she had become aware that AMP Group companies had charged fees to orphan customers in its BOLR pool fees without providing services to them. She also claims that as of that date, she was aware that companies in the AMP ...|
|... 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 policy changed in August. "BOLR changes are all based on grandfathered commissions ...|
|... battle with AMP Financial Planning over its decision to change its Master Terms in regards to business valuations under the BOLR policy without notice or consultation. Speaking to Financial Standard shortly after the announcement, AMP's then-group ...|
|... that as recently as May 2018 the then-managing director of AMP Financial Planning had met with practices to assure them BOLR terms would be unchanged, leading those businesses to remain with the licensee. The association has prepared an issues paper ...|
|The NSW shadow minister for finance and small business has asked what the state government is doing for advisers facing financial ruin as a result of AMP's plan to change Buyer of Last Resort terms . Speaking in NSW parliament earlier this week ...|
|... 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 was also provided detailed documentation ...|
|... saying the group has failed to meet contractual obligations to advisers. Last week, AMP signaled it would look to align BOLR business valuations to realistic market values of around 2.5x. It also announced a renewed wealth strategy focused on quality ...|
|AMP advisers planning to exercise their Buyer of Last Resort (BOLR) arrangements look set to have their business valuations slashed as part of the institution's new strategy. AMP chief executive Francesco De Ferrari said the group will look to recalculate ...|
|... decision, in the face of internal recommendations to stop the practice, to continue charging clients when they were put into the BOLR pool. We also learned that AMP misled ASIC about the nature of this practice," Palmer explained. Financial Standard ...|
The executive manager of operations at a $17 billion industry superannuation fund resigned recently, with a replacement yet to be appointed.
Clime Investment Management has partnered with Sequoia to launch a new fund that aims to provide a yearly income of 8%.
A three-day trial has been scheduled for the landmark case brought against Rest by member Mark McVeigh.
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive.
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