SYDNEY (Reuters) – Australia’s AMP Ltd (AMP.AX) has lost at least one major pension contract while other companies are reviewing their relationship with the wealth manager, which has struggled to stem a client exodus following revelations of serious misconduct... More »
SYDNEY (Reuters) – Australia’s banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd’s pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%. The move com... More »
(Reuters) – Australian wealth manager AMP Ltd said on Thursday it would defend itself against a new class-action lawsuit filed on behalf of pension fund account holders and claiming overcharging of fees. The suit, filed by law firm Maurice Blackburn in the Fed... More »
SYDNEY (Reuters) – One of Australia’s oldest financial institutions, AMP Ltd (AMP.AX), spent years building the country’s largest network of financial advisers to recommend its products, and well over a century polishing its brand. But in a bruising few months... More »
SYDNEY (Reuters) – Australia’s AMP Ltd (AMP.AX) denied allegations it had submitted a doctored report to a regulator and committed a criminal offense, saying an inquiry into the country’s financial sector had overstated the wealth manager’s involvement. The re... More »
SYDNEY (Reuters) – Australia’s largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors’ fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at t... More »
(Reuters) – Litigation financier IMF Bentham Ltd said on Monday that it plans to fund a class action against AMP Ltd, Australia’s largest listed wealth manager. IMF said the investment involves a proposed class action by certain current and former AMP sharehol... More »
