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AMP chief executive Alexis George says a proportion of the community continues to feel the bite of high interest rates.

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.

  • Sumeyya Ilanbey

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AMP CEO Alexis George.

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.

  • Clancy Yeates
AMP chief executive Alexis George.

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.

  • 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.

  • Clancy Yeates
AMP chief executive Alexis George said the company would review the pause on the third tranche of its capital return plan by the end of the year.

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.

  • Millie Muroi
AMP has lost a class action in the Federal Court.

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.

  • Millie Muroi
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AMP will combine two executive roles and relinquish another as it looks to restructure after the sale of its Australian wealth management business.

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.

  • Millie Muroi

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.

  • Clancy Yeates
AMP chief executive Alexis George

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.

  • Clancy Yeates
The country’s biggest banks paid $1.1 billion in compensation in the the six months to December.

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.

  • Millie Muroi

Original URL: https://www.theage.com.au/topic/amp-limited-32