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AMP doing its best to preserve the worst of its reputation

By reneging on long-standing employment deals, AMP has again given the impression that it has welched on an existing agreement once it realised the deal wouldn’t work out in its favour. Do that repeatedly and people stop wanting to do business with you.

Tahn Sharpe | 17th Jun 2024 | More
‘They’re going ballistic’: AMP slashes redundancy benefits across business

AMP has cut redundancy pay maximums and notice periods in a move that has left long-term employees dismayed after they stuck with the company through the royal commission and its aftermath.

Lachlan Maddock | 17th Jun 2024 | More
AMP spending goodwill it doesn’t have with BOLR pushback

AMP’s executive spine has done a remarkable job of arresting the company’s decline, but its refusal to accept the court’s decision that it shortchanged advisers on BOLR deals is an egregious misstep that could put its trust account with those advisers back in the red.

Tahn Sharpe | 29th Sep 2023 | More
  • AMP flattens advice hierarchy with Hartley’s chief executive role ‘removed’

    Hartley, who joined AMP from Sunsuper in January 2021, will help transition the AWM business to a flatter human resource model before leaving the group in late November.

    Tahn Sharpe | 29th May 2023 | More
    Levy’s advice proposals get heavy hitting advocacy lift

    The Financial Services Council and its provider members are putting their weight behind the advice review leader’s suite of reforms as the December 16 delivery date looms.

    Tahn Sharpe | 1st Dec 2022 | More
    AMP Advice to ‘break even’ by 2024 as losses soften

    The institutional provider’s AUM and profit lines stayed red in 1H22, but positive signs emerged.

    Tahn Sharpe | 11th Aug 2022 | More