‘Fundamentally wrong’: Judge pans AMP’s payment to PwC for remediation review

Financial Services 2023-06-02 3:48 pm By Cindy Cameronne | Sydney

It was “fundamentally wrong” that AMP Financial Planning paid consultant PricewaterhouseCoopers significantly more to review a court-ordered remediation than was paid to customers who suffered loss after an adviser churned life insurance policies for higher commissions, a judge has said.