AMP
Life insurance in the firing line of Aussie Royal Commission
A$18.1bn in life premiums paid in 2017
AMP chief could earn A$8.3m in first year on the job
His pay package is based on the mammoth task he has in cleaning up the company
Under-fire Aussie insurer unveils adviser training programme
On the back of strong criticism over how AMP has treated clients, Australia’s largest advice firm has launched a training and development programme to “meet the growing demand for high-quality financial advisers”.
Australia’s AMP faces court date over ‘rewriting’ policies
AMP Financial Planning is the second major Australian financial institution facing federal court proceedings after the regulator said it failed to protect clients from advisers improperly rewriting client policies.
PEOPLE MOVES: Woodbrook, AMP, Arlo Associates
Woodbrook Group hires an industry veteran to manage its Spain operations, AMP’s chief risk officer for its advice division resigns and Arlo Associates appoints a tech entrepreneur to chair its board.