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Weary investors reprieve AMP on executive pay


Weary investors reprieve AMP on executive pay
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AMP shareholders have handed the board led by chairman Debra Hazelton a rare win at a fiery annual meeting, passing the troubled wealth manager’s remuneration plan by a single percentage point in the hope that dividend payments will shortly resume.
Almost 24 per cent of the 1.8 million AMP shareholders voting at Friday’s annual general meeting opposed the company’s remuneration report, despite a historic 70 per cent protest vote against it at the 2020 AGM, just shy of the 25 per cent threshold that would trigger a vote to spill the board.
Shareholders acquiesced to the plan, sparing AMP an embarrassing second strike and spill motion, while punishing the company in Friday’s trade, sending its share price down 2 per cent to a near all-time low of $1.12. ....

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How to save hundreds on health insurance


Money
by Sue Dunlevy
Premium Content
 
Where you live and where you work can make an astounding difference to your health fund premiums, potentially saving you $500 per month.
Our exclusive investigation into the private health insurance industry has found Victoria has the most expensive health fund policies in the nation while the Northern Territory has the cheapest.
And we found you could save big money if your employer has a corporate policy with a health fund.
News Corp has launched a simple new tool to help you locate the cheapest hospital policies in your state.
It shows the most expensive gold policy, with a $750/$1500 excess, is Bupa s Corporate Gold Hospital in Victoria at $626.50 for a family. ....

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