AMP has set aside $50 million in its financial statement for the first half of 2023 to cover potential liability in a class action won […]
It was “fundamentally wrong” that AMP paid consultant PricewaterhouseCoopers significantly more to review a court-ordered remediation than was paid to customers who suffered loss after […]
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 […]
A judge has questioned AMP Financial Planning over whether it breached court orders to compensate customers after finding the firm failed to prevent a now […]
A judge has imposed a $14.5 million penalty on five AMP entities, saying it was âsurprising and concerningâ that the wealth manager deducted $356,000 from […]
ASIC has told a judge AMP should face a $17.5 million penalty for deducting $356,000 from customers’ superannuation accounts for advice they never received, saying […]
A judge has raised concerns that AMP Financial Planning has not compensated customers for allegedly failing to prevent life insurance churning, directing the firm to […]
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 […]
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 […]
A subsidiary of AMP has settled a retired financial planner’s lawsuit accusing the company of using âunfair tacticsâ to avoid coughing up close to a […]