AMP

Asia | 20 Apr 18

It’s squeaky bum time for senior executives as Australia’s banking, superannuation and financial advice firms face the intense scrutiny of a Royal Commission. Click through the slides below to read some of the incredible moments from the first week of the review into financial advice.

Companies | 20 Apr 18

SJP adds two partners in Hong Kong including former Coutts discretionary management head, AMP chief brings forward resignation over lies to regulator and Arbuthnot Latham chief executive steps down unexpectedly.

Asia | 19 Apr 18

Australian treasurer Scott Morrison says revelations financial services giant AMP intentionally and repeatedly misled the regulator over advice fees charged to its own customers could result in “jail time”, a sentiment echoed by the regulator.

Asia | 16 Apr 18

The group executive of advice at financial services giant AMP has admitted the firm intentionally misled Australia’s regulator over fees, as the Royal Commission into banking, superannuation and financial services targets financial advice.

Asia | 20 Feb 18

Australia’s five largest banking and financial services institutions have paid a further A$21.4m in compensation to customers who suffered losses because of “non-compliant conduct” by financial advisers, taking the total to A$51.4m (£29m, $41m, €33m). More claims are expected.