|Search Results||Showing 1 - 10 of 26 results for "Buyer of Last Resort"|
|... and family enterprises being pushed out by financial advice licensees. Recent news about changes to AMP's Buyer of Last Resort agreements and a class action mounted against AMP Financial Planning appear to have gotten the attention of the ombudsman. ...|
|... Hewitt lost a significant proportion of its headcount, dropping from 149 advisers to just 44. Despite news of Buyer of Last Resort changes and advisers mounting a class action, AMP Financial Planning only lost 37 advisers over the last three months. ...|
|... end. 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 ...|
|... representing the AMP Financial Planners Association in its fight following AMP's decision to alter its Buyer of Last Resort policy. Johnston said Corrs Chambers Westgarth has indicated to him that the High Court action could assist the AMPFPA in ...|
|... high-profile law firm to 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 ...|
|... after a survey of its member practices found 93% would support 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 ...|
|... 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, member of the opposition Daniel Mookhey asked minister for finance and ...|
|... rebuffed claims the group failed to meet its legal obligations to advisers in announcing changes to its Buyer of Last Resort terms, saying the AMP Financial Planning Association was informed ahead of time and adviser feedback was sought in shaping the ...|
|The AMP Financial Planners Association will contest changes to AMP's Buyer of Last Resort terms flagged last week, saying the group has failed to meet contractual obligations to advisers. Last week, AMP signaled it would look to align BOLR business ...|
|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 ...|
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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