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AMP denies acting unconscionably by charging dead customers for life insurance
Financial Services 2022-05-10 9:50 pm By Cindy Cameronne

AMP has admitted two of its units charged customers fees for no service but denied it acted unconscionably in a case brought by the corporate […]

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AMP to face penalty in ASIC’s fees-for-no-service case
Financial Services 2022-03-10 3:59 pm By Sam Matthews

AMP has admitted to contraventions and will face a penalty in ASIC proceedings over fees-for-no-service conduct that allegedly led to upwards of $600,000 being unlawfully […]

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AMP unit settles retired planner’s suit over $1M buyout deal
Financial Services 2022-02-01 2:05 pm By Cat Fredenburgh

A subsidiary of AMP has settled a retired financial planner’s lawsuit accusing the company of using “unfair tactics” to avoid coughing up close to a […]

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AMP’s bid to declass insurance class action ‘antithesis’ of interests of justice, court rules
Class Actions 2021-11-26 2:36 pm By Bianca Hrovat

Financial services company AMP has lost its bid to de-class representative proceedings brought on behalf of 1.5 million insurance customers. The Piper Alderman and Shine […]

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Fees for no service class action must clarify ‘serious allegations’ against AMP
Class Actions 2021-11-02 4:27 pm By Cindy Cameronne

A judge has ordered a class action against AMP to provide more detail in its case accusing the financial services firm of failing to disclose […]

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AMP, Willis Towers Watson locked in multimillion-dollar Sydney CBD rental dispute
Real Estate 2021-10-20 4:46 pm By Miklos Bolza

AMP has taken the insurance arm of Willis Towers Watson to court to try to force it to stick to an alleged promise to rent […]

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Judge warns AMP it could face 1.2M lawsuits if declassing bid succeeds
Class Actions 2021-10-11 10:07 pm By Cindy Cameronne

AMP and a number of its financial planning subsidiaries could face 1.2 million individual claims if they win a bid to declass a group proceeding […]

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AMP may try to stay financial planner’s lawsuit in light of BOLR class action
Financial Services 2021-10-05 1:21 pm By Miklos Bolza

AMP has flagged a potential stay of a lawsuit filed by a Sydney-based financial planner against that overlaps with a class action brought by advisors […]

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AMP denies responsibility for licensees’ conduct in ASIC’s fees-for-no-service case
Financial Services 2021-10-01 8:59 pm By Cindy Cameronne

Financial services provider AMP has hit back at ASIC’s civil penalty action alleging it charged super members fees for no service, saying it was not […]

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Lawsuit accuses AMP of refusing to honour $955K buyout agreement
Financial Services 2021-09-27 10:11 pm By Bianca Hrovat

A retired financial planner has filed a lawsuit accusing AMP of using “unfair tactics” to avoid coughing up close to a million dollars allegedly owed […]

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