SAMANTHA BAILEY 2 HOURS AGO | 2.02PM
AMP to ‘vigorously defend’ class action
AMP has said it will “vigorously defend” a class action on behalf of superannuation fund members who were allegedly charged unreasonable fees.
“AMP and the trustees of its superannuation funds are firmly committed to acting in the best interests of their superannuation members and acting in accordance with legal and regulatory obligations,” the company responded.
“We encourage any customers who have concerns to contact AMP. We have reduced the administration fees on some of our cash investment options to address the issue of negative returns in the small number of funds impacted by this issue.
“We are also compensating affected customers for lost earnings.”
AMP shares are trading 2 per cent higher to $2.07, after hitting all-time lows of $2.02 yesterday.
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Last
$1.08 |
Change
0.020(1.89%) |
Mkt cap ! $2.834B | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.08 | $1.06 | $25.50M | 23.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 139193 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 37879 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| AMP (ASX) Chart |