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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The decision by AMP to pay $100 million in settlement to members of the Buyer of Last Resort class action has been welcomed as providing closure, but one adviser told Money Management he expects members will fight on individually.
AMP today announces that an agreement has been reached to settle the class action brought on behalf of certain advice practices authorised by AMP Financial Planning Pty Limited as of.
A verdict has been delivered in the class action filed against AMP Financial Planning. The Federal Court of Australia has ruled in favour of advice practices in the class action filed against AMP’s