Chanticleer
AMP shows future of advice
AMP's new chief executive Francesco De Ferrari has come up with a model for financial advice that is likely to become the industry standard.
The timing was perfect. In the same week investigative journalist Adele Ferguson released her damming book about rip-offs in financial services, AMP revealed the future of financial advice.
AMP’s new chief executive, Francesco De Ferrari, took all of the lessons learned from the Hayne royal commission and designed a three-tiered approach to providing financial advice. The initial reaction from the sharemarket was positive, with AMP shares rising 11.5 per cent.
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