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| | ... practice. Beimers has served on the TAA board as vice chair since 2020 and was also a board member of TAA's forerunner, AMPFPA, from 2019. TAA chief executive Neil Macdonald described Beimers as "a practising financial adviser with over 23 years' ... |
| | | ... BOLR valuations. Many advisers said that proposed valuations of about 2.5 times recurring revenue devalued their business. AMPFPA chief executive Neil Macdonald said at the time that, under contract, AMP must consult with financial advisers when considering ... |
| | | ... and 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 ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... 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. ... |
| | | ... 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 ... |
| | | ... 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 ... |
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