AMP had to change the terms over time due to FOFA. Nothing to do with RC. They changed them in 2014 or around then. It may have been later.
AMP has thrown up lots of reasons for reducing the amount they paid. They had the right to do this but the contract required 13 months notice so advisers could exit at the old price. AMP does not seem to gave given notice. That is the claim. If they had advisers would have cashed in. this is referred to as a bolr run. AMP is claiming that somehow, they had a right to alter the terms without notice. I do not believe the contract envisaged this. The advisers would not have signed. And if AMP had this right they would have not been frightened of a run on bolr, which I have no doubt they were.
Adviser Class action & realamp web site, page-431
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