https://www.copyright link/business/banking-and-finance/amp-and-ioof-facing-2-billion-compensation-bill-blowout-20190123-h1adi5
Not a great piece to land pre-RC Final Report but it could be a clever bit of downramping by Macquarie should they wish to look at an acquisition of a player like an AMP or IOOF in the next 12-24 months once the dust has settled.
An additional $1.5B of remediation costs would be a disaster and would essentially guarantee that none of the c. $0.35-0.40 capital return from the sale of the life/mature business will find its way back to shareholders pockets.
Ann: Ceasing to be a substantial holder, page-11
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