AMP
Aussie adviser banned and convicted of 97 counts of fraud
The Australian Securities and Investments Commission (Asic) has permanently banned a former adviser who was found guilty of 97 counts of fraud and 10 counts of stealing and sentenced to six and a half years’ imprisonment.
PEOPLE MOVES: AMP, Aviva, Sun Life Financial
Australian insurer AMP has completely overhauled its advice business and announced a raft of senior changes, while Aviva Asia and Sun Life Financial both made a series of executive appointments this week.
Australia’s AMP posts big loss as industry changes hit
Australian insurance giant AMP, which runs the country’s largest financial adviser network, has posted a full year net loss after a big deterioration last year in its core life insurance and income protection business.
Australia’s AMP gets profit boost from wealth management
A strong performance from its wealth management arm helped Australian insurance group AMP boost profits by 10% in the year to 31 December 2015.
Australian wealth manager AMP posts 33% rise in net profit
Australia’s biggest specialist wealth management company, AMP, has posted a 33% rise in net profits for the six months to 30 June due to solid growth in its core domestic business and a big contribution from its Chinese joint venture.