July 30 (Reuters) - AMP Ltd (AMP) :
- AMP RESPONDS TO ASIC LEGAL ACTION
- ACKNOWLEDGES PROCEEDINGS BY ASIC ON ALLEGED BREACHES CONCERNING HISTORIC CHARGING OF PLAN SERVICE FEES
- IN 2018, AMP BECAME AWARE SOME AMP FLEXIBLE SUPER MEMBERS CONTINUED TO BE CHARGED PLAN SERVICE FEE AFTER DELINKING FROM CORPORATE SUPER PLAN
- TOOK ACTION TO RECTIFY ISSUE, SELF-REPORTED IT TO ASIC, AND COMMENCED A REMEDIATION PROCESS
- REMEDIATION COMPLETED IN NOV. 2019, WITH ABOUT 2,500 CUSTOMERS REMEDIATED TOTAL OF ABOUT A$900,000
July 30 (Reuters) - AMP Ltd (AMP) : AMP RESPONDS TO ASIC LEGAL...
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