AMP is charging thousands of unsuspecting platform users for advice fees despite not receiving permission from the underlying customers as required by law.
It has also found a way around the banning of fees being charged for shelf space on platforms by charging fund managers annual fees under the guise of "comprehensive reporting" and a "fund managers administration fee".
Loading...
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
