Regulatory roadblock halts AMP Life sale
Acquisition by Resolution Life ‘highly unlikely to proceed’ as firm struggles to meet conditions
AMP
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Aussie law firm officially files class action against AMP
It is seeking compensation for fund members who paid ‘unreasonable fees’
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AMP to face one million customers in class action lawsuit
Two superannuation fund trustees accused of failing in their legal duty
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PEOPLE MOVES: Canaccord Genuity, Julius Baer, Investec AM
Promotions at CGWM and changes at the top for Julius Baer’s Italian business
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Aussie regulator tightens licence conditions of two advice firms
Request to make investment decisions on behalf of clients raised red flags
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Aussie regulator given wealth manager interview notes
The files relate to a law firm’s review into fees charged by AMP’s financial planning division
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PEOPLE MOVES: Lombard Odier, Jersey Finance, CISI
Managing partner named by Lombard, with Jersey Finance making changes at the top
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Aussie Royal Commission report sparks jobs reshuffle
CEO and chairman of NAB resign while AMP changes wealth management business
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AMP sells Australian life and advice business to Resolution
Company shares fell by a quarter after a deal was announced
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Life insurance in the firing line of Aussie Royal Commission
A$18.1bn in life premiums paid in 2017
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AMP chief could earn A$8.3m in first year on the job
His pay package is based on the mammoth task he has in cleaning up the company
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Under-fire Aussie insurer unveils adviser training programme
On the back of strong criticism over how AMP has treated clients, Australia’s largest advice firm has launched a training and development programme to “meet the growing demand for high-quality financial advisers”.