MM Newsletter
06 Jul 2023
Latest News
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AMPFP fearful of ‘BOLR run’ before policy change

AMP Financial Planning was critically concerned about a possible ‘BOLR run’ of more than 700 practices seeking to exit after the Hayne royal commission, according to Federal Court documents.
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Court rules AMP ‘went too far’ with disproportionate BOLR change

A failure to provide a valid ‘legislation, economic, or products’ reason to make disproportionate changes to the BOLR policy forms the crux of AMP Financial Planning’s defeat in Federal Court yesterday.
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Did AMPFP breach its duty to consult on BOLR change?

The changes brought in to adjust the BOLR policy were ‘simple’ and did not require extended consultation beyond a few days, according to a senior AMPFP executive.
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AMP BOLR class action verdict delivered

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky.
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Former AMP planner details bankruptcy fears in BOLR turmoil

A former AMP planner has shared how he was nearly driven to bankruptcy after the firm devalued his business.
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