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Banking royal commission: AMP took life premiums from dead customers

Updated

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AMP staff knew the company was charging thousands of dead customers life insurance premiums for at least three years, the Hayne royal commission has heard.

On Monday, it emerged that the diversified financial services player had identified internally that it was charging dead customers as far back as 2015.

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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
Misa Han writes on news and business from our Sydney newsroom. Connect with Misa on Twitter. Email Misa at misa.han@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/banking-royal-commission-amp-took-life-premiums-from-dead-customers-20180917-h15h0j