6 September 2024 16:27
AMP’s $100 million Buyer of Last Resort settlement has been upheld by the Federal Court.
The settlement was announced at the end of last year after AMP appealed the court verdict that found in favour of AMP planners in the class action.
The class action was launched in 2020 in response to AMP changing the terms of the BOLR policy due to the changing market environment post-Hayne Royal Commission.
AMP, BoLR, Buyer of last resort
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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