A Labor senator and member of the parliamentary joint committee for corporations and financial services says she “won’t give up” on pressuring AMP to negotiate “just terms of settlement” with the hundreds of planners terminated by the wealth giant in 2019.
A spokesman for Senator Deborah O’Neill – who was behind last year’s push for an ASIC investigation into AMP’s decision to reduce BOLR values for around 250 terminated planners – told ifa she was still actively collecting information on the experiences of advisers negotiating their way out of the group, with a view to pressuring AMP to provide better outcomes.
“Senator O’Neill is continuing her fight for justice for the AMP advisers by continuing to meet with AMP advisers, the Australian Small and Family Business Ombudsman Bruce Billson, and the new CEO of AMP Scott Hartley, to negotiate arrangements that leave AMP advisers better off,” the spokesman said.
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