AMP
AMP to cut costs, keep capital ahead of legal verdict
Alexis George, who has led the simplification of AMP since 2021, said she would pause its capital return plan given uncertainty around legal matters.
- by Millie Muroi
Latest
Hefty legal bill looms for AMP after losing class action
AMP is likely to pay at least $900,000 to two financial institutions after the Federal Court ruled against it in a class action.
- by Millie Muroi
AMP dissolves wealth management structure amid executive shake-up
The departure of two key executives will facilitate the financial services firm’s restructure after it dissolved its Australian wealth management business structure.
- by Millie Muroi
Updated
Executive pay
AMP investors revolt over executive bonuses, weak share price
Almost half of all shareholder votes opposed AMP’s remuneration report on Friday, amid concerns about how the company set executive bonuses.
- by Clancy Yeates
Analysis
The Long and Short of It
After years of struggle, can a beleaguered AMP reinvent itself?
AMP, one of the oldest financial institutions in Australia, has been trying to engineer a turnaround after a major fall from grace.
- by Clancy Yeates
Big banks pay billions to customers burnt in advice scandal
The banks paid or offered $4.7 billion in compensation after a royal commission and ASIC found misconduct around financial advice.
- by Millie Muroi
‘There is uncertainty’: China approval delays AMP-Dexus deal
Wealth management giant AMP could be forced to recut its deal to sell its local real estate and infrastructure equities business to Dexus due to delays caused by approval issues in China.
- by Simone Fox Koob
AMP boss Alexis George in a tussle with activist investors
AMP’s management is convinced it has the plan to resuscitate the venerable brand’s fortunes, but multiple institutional investors want decisive action, including a further break-up of the company.
- by Anne Hyland
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Super & retirement
5 tips to simplifying and boosting your super
The start of a new year is a great time to set up some new and improved financial habits to boost your nest egg.
- by Nina Hendy
AMP in new push to get retirees spending their super
Wealth manager AMP says it wants to give retirees confidence to spend more of their superannuation nest eggs without the fear of outliving their savings.
- by Clancy Yeates
‘Concerning’ conduct: AMP fined $14.5 million over fees for no service
A federal court judge has labelled the wealth manager’s failure to check for systemic issues within its ranks a blot on its corporate culture.
- by Simone Fox Koob