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AMP slashes platform fees to stem billion-dollar outflows


AMP slashes platform fees to stem billion-dollar outflows
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Troubled wealth giant AMP has cut fees by up to 22 per cent across its superannuation and investing platforms, forgoing critical short-term revenue in the desperate hope it can lure new business from wealthy clients and independent financial advisers.
In one of his first executive decisions since taking the reins of the sprawling wealth management and banking division, AMP Australia chief executive Scott Hartley has undercut the $840 billion market for platforms used by advisers to execute trades and monitor portfolio performance.
AMP Australia CEO Scott Hartley has slashed wealth platform fees.  
Louie Douvis ....

Alex Wade , Commonwealth Bank Colonial First , National Australia Bank , Chant West , Commonwealth Bank , Colonial First State , Royal Commissioner Hayne , அலெக்ஸ் வேட் , காமன்வெல்த் வங்கி காலனித்துவ முதல் , தேசிய ஆஸ்திரேலியா வங்கி , மந்திரம் மேற்கு , காமன்வெல்த் வங்கி , காலனித்துவ முதல் நிலை , அரச ஆணையர் ஹேன் ,

AMP's Nader Naeimi jumps ship as flagship fund shut down


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Fund manager Nader Naeimi is the latest high-profile AMP Capital employee to flee the troubled wealth group as it closes a once-prized multi-asset fund launched by chief economist Shane Oliver.
AMP will terminate the Dynamic Markets Fund launched with fanfare in 2011 and Mr Naeimi will leave the company after six years as a portfolio manager and head of dynamic markets.
Fund manager Nader Naeimi will depart AMP Capital.  
Nic Walker
The closure follows
AMP is bracing for a bout of shareholder anger on Friday at the company’s annual general meeting, where the topic of the group’s 50 per cent share price collapse since the appointment of outgoing chief executive Francesco De Ferrari, and a golden handshake for departing infrastructure equity boss Boe Pahari possibly worth $50 million, will likely feature in scripholder questions. ....

Alex Wade , David Murray , John Fraser , Dynamic Markets Fund , Ares Management , அலெக்ஸ் வேட் , டேவிட் முர்ரே , ஜான் ஃப்ரேசர் , மாறும் சந்தைகள் நிதி , ஏரிஸ் மேலாண்மை ,

AMP shareholders sick about retention bonuses


AMP shareholders irate about retention bonuses
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AMP shareholders have hit the group with complaints about bonuses paid to employees, investment teams and other critical workers to stop them leaving during the drawn-out portfolio review over the last six months while dividend payments were suspended for investors.
AMP chairman Debra Hazelton has also disclosed that all senior leaders at the 172-year-old company were made to do an “inclusive leadership” program following the company’s cultural crisis over the last year, triggered by
The Australian Financial Review’s reporting on sexual harassment incidents at the AMP executive level.
AMP chair Debra Hazelton.  ....

Alex Wade , Alexis George , Ares Management , Francesco De Ferrari , அலெக்ஸ் வேட் , அலெக்சிஸ் ஜார்ஜ் , ஏரிஸ் மேலாண்மை , பிரான்செஸ்கோ டி ஃபெராரி ,