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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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AMP looks to shield chats with ex-DST director in poaching dispute
Financial Services 2021-09-09 6:24 pm By Cindy Cameronne

Software company DST Bluedoor is fighting to access communications between its former founding director and AMP in a $35.5 million legal stoush alleging the financial […]

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AMP denies it broke the law by charging dead people for life insurance
Insurance 2021-09-01 2:44 pm By Miklos Bolza

AMP has hit back at fees for no service court proceedings brought by ASIC, arguing it was legally entitled to charge customers premiums and advice […]

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AMP loses bid to access docs in employee poaching dispute
Employment 2021-08-18 9:42 pm By Cindy Cameronne

AMP has lost its bid to access documents showing software company DST Bluedoor’s revenue forecasts and employee remuneration in a $35.5 million legal stoush alleging […]

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Financial fraudster dodges conviction following ASIC investigation
Financial Services 2021-08-09 2:54 pm By Bianca Hrovat

The former director of Sydney financial planning practice Hillross Bella Vista has been conditionally released without a conviction recorded after pleading guilty to falsifying documents […]

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Banks fork over $1.86B to repay customers for bad behaviour
Financial Services 2021-08-05 10:05 pm By Sam Matthews

Six of Australia’s biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees […]

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ASIC takes AMP to court for charging super members fees for no service
Financial Services 2021-07-30 12:42 pm By Bianca Hrovat

The Australian Securities and Investments Commission has hit financial services provider AMP with court action over fees-for-no-service conduct that allegedly led to upwards of $600,000 […]

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