Funds management group AMP has lost a $340 million corporate superannuation mandate with Coca-Cola Amatil, representing the latest high-profile client to take its workers' retirement savings out of the scandal-plagued wealth company.
However. the AFL Players Association (AFLPA) decided to extend its 20-year partnership with AMP, which has retained the contract to manage about $215 million in footballers' savings for more than 3500 current and former players.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
