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AMP reduces products and cuts fees moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.
AMP's advice reinvention project is 95 per cent complete, but after just nine days in the big chair new CEO Alexis George admits the once-storied division still has a way to go. ....
AMP client registers were 'incomplete': Ombudsman investordaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investordaily.com.au Daily Mail and Mail on Sunday newspapers.
New AMP managing director of advice Matt Lawler is under no illusion about the problems AMP has had, still has, and needs to work through. But the group has a special and historic place in the Australian advice landscape, he believes, and with the right direction it can once again be an industry leader again, even standing “shoulder to shoulder” with other licensee owners in lobbying policymakers and regulators for appropriate industry settings. “One of the reasons why I took this role is AMP is one of the only remaining iconic brands when it comes to advice,” Lawler said on Tuesday morning during a panel session at ....
Print AMP will be incrementally increasing its Australian financial services licence (AFSL) fee from 1 January, 2022, for 18 months as part of its new advice service model. Speaking at a media briefing, AMP managing director of advice, Matt Lawler, said there had been a reprice in the marketplace for AFSLs. “That repricing for risk and a repricing for the fact the economics of running an AFSL cannot and should not include product revenue,” Lawler said. “We’ll be transparent and competitive about those fees” Lawler said the fees would be phased over 18 months from 1 January, 2022, so the full impact of the fee would not be felt by advice practices until 1 January, 2023. ....