AMP
Distressed borrowers seeking to access super to help repay mortgages: AMP
“If you look at our customer base, there is an element of customers and the community doing it really tough,” says AMP chief executive Alexis George.
- by Sumeyya Ilanbey
Latest
Downsizing not on the radar for most retirees: AMP
Many retirees are concerned about running out of savings, while also wanting to help their kids. But a new survey suggests most don’t want to respond by downsizing the family home.
- by Clancy Yeates
Economic headwinds hamper AMP’s banking business
While shareholders cheered the overall result as being not as bad as expected, the group was challenged over lacklustre performance by its AMP Bank division.
- by Sarah Danckert
AMP shares tumble on weak profit forecast amid $60m banking push
AMP is attempting to limit the crunch on its banking profits by targeting the small business market, investing in a new digital bank.
- by Clancy Yeates
AMP to cut costs, keep capital ahead of legal verdict
Alexis George, who has led the simplification of AMP since 2021, said she would pause its capital return plan given uncertainty around legal matters.
- by Millie Muroi
Hefty legal bill looms for AMP after losing class action
AMP is likely to pay at least $900,000 to two financial institutions after the Federal Court ruled against it in a class action.
- by Millie Muroi
AMP dissolves wealth management structure amid executive shake-up
The departure of two key executives will facilitate the financial services firm’s restructure after it dissolved its Australian wealth management business structure.
- by Millie Muroi
Updated
Executive pay
AMP investors revolt over executive bonuses, weak share price
Almost half of all shareholder votes opposed AMP’s remuneration report on Friday, amid concerns about how the company set executive bonuses.
- by Clancy Yeates
Analysis
The Long and Short of It
After years of struggle, can a beleaguered AMP reinvent itself?
AMP, one of the oldest financial institutions in Australia, has been trying to engineer a turnaround after a major fall from grace.
- by Clancy Yeates
Big banks pay billions to customers burnt in advice scandal
The banks paid or offered $4.7 billion in compensation after a royal commission and ASIC found misconduct around financial advice.
- by Millie Muroi
‘There is uncertainty’: China approval delays AMP-Dexus deal
Wealth management giant AMP could be forced to recut its deal to sell its local real estate and infrastructure equities business to Dexus due to delays caused by approval issues in China.
- by Simone Fox Koob
Original URL: https://www.brisbanetimes.com.au/topic/amp-limited-32