Yes I've reviewed these too and done some further comparative research. The big problem with this is not the cost perse` rather, the question of who (if anyone) is actually going to sell AMP products in the future? I mean, the advisers are leaving in droves and the ones that remain are hardly top performers (based on FUM growth and aligned chanells performance in the financial reports) so who will sell AMP products? There is a massive contraction in fee revenue and distribution for this business so I honestly cannot see how they are going to return to prosperity.
AMP current state of play, page-28
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$1.31 |
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