A former AMP financial adviser has urged advisers in the BOLR class action against AMP to object to the 'unfair and unreasonable" $100 million settlement sum as the objection deadline approaches on 22 May.
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AMP has confirmed that an agreement has been reached to settle the BOLR class action. In a statement on Thursday, AMP announced that an agreement has been reached to settle the class action brought o
Analysts previously predicted the financial services giant could be on the hook for even more than this amount over the case, which related to its controversial adviser payout policy.