Despite his unwavering belief in the once mighty brand, AMP head of Wealth Alex Wade admits the corporate giant has a lot of work to do in veering from product led advice to a model built on client centricity.
The financial services industry is starting to work out exactly what the FASEA mandatory Code of Ethics means and many won't like it, including those who think they're addressing their conflicts by charging asset-based fees.
September 2018 The article (“AMP wears the cost of bad advice”, Professional Planner Online, July 27) offers a perfect example of the problems plaguing the industry. AMP will not ‘wear the cost’ if the only impact is to reduce a dividend to 70 per cent to 90 per cent of guidance. If we had a […]