Aussie advisers to file class action against AMP
They claim the wealth firm did not give enough notice before writing down their client book values
AMP
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AMP finally sells life insurance arm to UK consolidator
The deal was nearly sunk after the New Zealand regulator waded in last year
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Covid-19 scuppers sale of AMP wealth arm in New Zealand
M&A plans taken off the table as it looks to implement growth strategy
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Aussie banking group set to face another class action
Law firm alleges planning business failed to provide ‘objective financial advice’
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Adviser policy churning sees AMP hit with nearly A$5.2m fine
One financial planner’s conduct was described as ‘morally indefensible’ by the court
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Australian firm stops managed discretionary account services
Following imposition of tailored licence conditions by regulator
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AMP to phase out ongoing advice agreements
To be replaced with annual ones following Royal Commission recommendations
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AMP restructures its Australian wealth management business
Former head of developed and emerging Asia for Credit Suisse Private Banking will lead the operation
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PEOPLE MOVES: Columbia Threadneedle, Deutsche Bank WM, Barclays
Asset manager CIO resigns, as German bank hires managing director for China
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Resolution Life opens Australian arm to buy AMP Life
Acquisition was previously blocked by New Zealand regulator
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Australia’s big banks pay out A$120m for bad advice
NAB splashed the most cash at A32.4m for cases which involved a record number of 81 financial advisers
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UK insurer not taking no for an answer on scuppered AMP deal
Resolution Life pursues completion of ‘excellent opportunity’ despite regulatory troubles