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AMP scraps bonuses and slashes directors' fees after horror year

AMP scraps bonuses and slashes directors' fees after horror year

AMP has scrapped short-term cash bonuses and cut directors' fees following its fees for no service scandal to avoid a shareholder revolt and board spill.

  • by Stuart Condie

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AMP cuts platform fees as competition heats up
AMP

AMP cuts platform fees as competition heats up

AMP will cut fees on its key investment platform, amid growing competition between wealth businesses looking to manage the savings of financial advice clients.

  • by Clancy Yeates
Turmoil continues at WelleCo despite court-ordered mediation
CBD
Mindfulness

Turmoil continues at WelleCo despite court-ordered mediation

It’s quite a turnaround from this time last year, when a private equity outfit took a big stake in WelleCo as it pushed into the booming United States market.

  • by Kylar Loussikian and Samantha Hutchinson
Charter Hall said to be running the ruler over AMP real estate
Charter Hall Group

Charter Hall said to be running the ruler over AMP real estate

AMP’s Real Estate Funds Management business is understood to have attracted the attention of three potential bidders

  • by Carolyn Cummins
AMP agrees to give regulator cache of secret documents
AMP

AMP agrees to give regulator cache of secret documents

The corporate cop has chalked up a major victory in its potentially criminal investigation against wealth manager AMP over allegedly misleading the regulator.

  • by Sarah Danckert
'Unreasonably delayed': Banks hit again over fees for no service
ANZ Bank

'Unreasonably delayed': Banks hit again over fees for no service

It's a $1 billion-plus scandal, but ASIC says the banks are dragging their feet in assessing which customers they charged fees for no services.

  • by Sarah Danckert
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Newly-installed AMP wealth boss moves to clear management decks
CBD
AMP

Newly-installed AMP wealth boss moves to clear management decks

Alex Wade, promoted to the powerful executive position last month, is reviewing his senior management team with several expected to leave.

  • by Kylar Loussikian
Super reforms hit AMP wealth management arm
AMP

Super reforms hit AMP wealth management arm

AMP to lose 370,000 low-balance super accounts to the Australian Tax Office.

  • by Stephen Miles
AMP flags earnings impact from superannuation bill
AMP

AMP flags earnings impact from superannuation bill

AMP said its operating earnings would face a hit based on its assessment of the government's bill to protect customers' investments in superannuation funds.

Love lost at AMP, but can it be found?
AMP

Love lost at AMP, but can it be found?

AMP needs something special to swoon investors after warning its 2019 could be just as bad as 2018, but can its suave new boss win the market's heart?

  • by Sarah Danckert
AMP shares plunge 10 per cent as group warns of a difficult 2019
Updated
AMP

AMP shares plunge 10 per cent as group warns of a difficult 2019

AMP's hammering from the banking royal commission just got worse.

  • by Sarah Danckert