AMP is appealing the Federal Court s Buyer of Last Resort (BOLR) ruling that determined in favour of AMP Financial Planning advisers who saw the valuations of businesses slashed by 40%.
UBS inherits tricky wealth legacy in Asia reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
There were few winners from the downfall of Credit Suisse, be it shareholders, creditors or even the Swiss public. But the bank did favor one sub-segment of stakeholders.
AMP Financial Planning was critically concerned about a possible ‘BOLR run’ of more than 700 practices seeking to exit after the Hayne royal commission, according to Federal Court documents.