AMP
AMP hit with A$24m fine for charging deceased customers
Several subsidiaries continued to charge premiums and fees on their super accounts
AMP suffers delays in bid to sell off investment management arm
Revised transaction structure has been agreed if original deal cannot be completed
AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
Net profit drops 25% at AMP
Bank is ‘entering its next era as a significantly simplified group’
AMP merges multi-asset arm with wealth business
Combined operation will have A$84.7bn in AuM