advice business reported a loss of $25 million,. The loss casts a cloud over AMP’s stated objective of breaking even in the advice business in FY24.
One class member and former AMP adviser tells Professional Planner the$50 million figure provisioned for was “absurdly small”.
The advice footprint, which has diminished from more than 3500 before the Hayne royal commission to fewer than 1000 advisers today.
“We have booked a $50 million provision in response to the judgment in the Financial Adviser Class Action … the process for the Court making orders from the judgment is ongoing and until finalised we won’ tmake a decision on any appeal,” AMP CEO Alexis George said.
advice business reported a loss of $25 million,. The loss casts...
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $3.427B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.32 | $1.30 | $13.24M | 10.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37944 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 588948 | 21 |
View Market Depth
| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| AMP (ASX) Chart |