AMP 0.46% $1.10 amp limited

Including Coca cola ,.... quote "more than 10 companies have...

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    Including Coca cola ,.... quote "more than 10 companies have removed AMP as their preferred fund, including apparel retailer Glassons and Australia Post, and switched to rival AustralianSuper, a source with direct knowledge of the mandate changes told Reuters.

    The exits follow harsh criticism of AMP at the banking royal commission into misconduct in the financial sector. AMP was singled out in evidence for wrongfully charging fees to clients and attempting to mislead regulators.

    The reputational fallout and an unusually large number of ongoing reviews by long-term clients has weighed on AMP's share price, which has lost two thirds of its value over the past 18 months."
 
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