AMP hit with A$24m fine for charging deceased customers
Several subsidiaries continued to charge premiums and fees on their super accounts
AMP
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AMP suffers delays in bid to sell off investment management arm
Revised transaction structure has been agreed if original deal cannot be completed
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AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
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Net profit drops 25% at AMP
Bank is ‘entering its next era as a significantly simplified group’
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AMP merges multi-asset arm with wealth business
Combined operation will have A$84.7bn in AuM
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AMP sells international investment management arm for A$462m
And its domestic division for A$430m
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AMP in talks to sell investment management arm
There is ‘no certainty’ a deal can be agreed
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AMP rebrands capital markets arm before demerger
Nearly a year after the scission was announced
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AMP agrees ‘A$40-45m’ redress deal with Aussie regulator
Firm commits to court enforceable undertaking to fix governance and risk management deficiencies
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Aussie bank exits life insurance market with A$524m deal
It will ‘continue to invest in the transformation and growth of its wealth management’ arm
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Aussie wealth manager revamps its financial advice model
It will give advisers ‘increased choice, flexibility and transparency with how they partner’ with the firm
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AMP sells investment business to Macquarie for A$185m
Operation covers fixed income, Australian listed equities, real estate and infrastructure strategies