The latest issue of Financial Standard now available as an e-newspaper
|Search Results||Showing 1 - 10 of 37 results for "Buyer of Last Resort"|
|... Financial Planning advisers filed a class action against the institution in July 2020 over its revaluing of Buyer of Last Resort agreements.|
|... action was filed in July against AMP by its own advisers in relation to the institutions decision to slash Buyer of Last Resort valuations. AMP is also in the midst of a portfolio review, with a takeover bid from Ares Management valuing the company at ...|
|... effect since AMP Financial Planning advisers brought a class action against AMP in relation to changes made to Buyer of Last Resort (BOLR) agreements, Macdonald said. "We don't think it's ideal," Macdonald said. He added that AMP has told The ...|
|... revealed widespread disappointment in AMP's treatment of its aligned financial advisers in renegotiating Buyer of Last Resort (BOLR) agreements. Financial Standard polled roughly 250 people in the financial services industry, asking them whether AMP ...|
|... who have seen the value of their businesses decimated by the group's decision to no longer honour their Buyer of Last Resort (BOLR) agreements . ASIC currently has five investigations into AMP ongoing and has briefed the Commonwealth Director of ...|
|... Planning advisers also filed their own class action against the company last week over its decision to slash Buyer of Last Resort Valuations. AMP was already facing class actions in relation to superannuation and alleged fees for no service from Maurice ...|
|... action has been filed against AMP by its own advisers in relation to the institution's decision to slash Buyer of Last Resort valuations last year. Almost one year on from the news BOLR valuations would be cut from 4x recurring revenue to a maximum ...|
|Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...|
|... pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton, urging him to investigate ...|
|... find their livelihoods in a strangle hold by big business. He points to platforms turning off fees and AMP's Buyer of Last Resort changes as examples of this and, he added, the Royal Commission's focus on advisers and licensees ignored the ways product ...|
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David Orford's Optimum Pensions has signed a five-year exclusive agreement with Generation Life to bring its retirement income product to the market.
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The poor quality of group insurance data is conducive to administrative blunders that are notoriously difficult to rectify, according to Rice Warner.
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As new investors turned to exchange-traded funds (ETFs) to cash in on the market volatility and consequent recovery in 2020, the industry reaped the benefits breaking several records, new research shows.
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HUB24 picked up $1.7 billion net inflows, 24 new licensee agreements and 113 advisers in the December quarter.
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