AMP hit with $24M penalty for 'unconscionable' practice of charging dead customers

AMP hit with $24M penalty for ‘unconscionable’ practice of charging dead customers

Financial Services 2023-05-19 12:16 pm By Christine Caulfield

Please login to bookmark

A judge has ordered two AMP units to pay a total of $24 million after finding the wealth manager acted unconscionably in charging insurance premiums and advice fees to deceased customers.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

error: The content is secured.

For information on rights and reprints, contact subscriptions@lawyerly.com.au