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AMP hit with A$24m fine for charging deceased customers

AMP hit with A$24m fine for charging deceased customers
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Australia , Australian , Justice-hespe , Financial-planning-proprietary , Nm-superannuation-proprietary , Australian-securities-investments-commission-asic , Sarah-court , Australian-federal-court , Resolution-life-group , Federal-court , Planning-proprietary-limited , Proprietary-limited

Financial Institutions AMP and MLC Fined Millions for Breaching Customers' Trust

Australia's Federal Court has issued AMP Group with a $24 million (US$16 million) fine for charging over 2000 ...

Australia , New-zealand , Australian , Justice-hespe , David-cullen , Financial-planning-proprietary , Sarah-court , Australian-mutual-provident-society , Resolution-life-group , Insignia-financial-group , Nm-superannuation-proprietary , Investments-commission

AMP fined $24m for charging dead customers

AMP fined $24m for charging dead customers
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AMP companies admit liability and fined $14.5 million for fees for no service

AMP companies admit liability and fined $14.5 million for fees for no service
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AMP fined $14.5m for fees for no service | Money Management

AMP Limited has been fined $14.5 million by the Federal Court for charging fees for no service to 1,452 superannuation members with the judge criticising the firm’s failure to identify a systemic issue.

Australia , Australian , Justice-moshinsky , Hillross-financial-services , Ms-court , Sarah-court , Financial-planning-proprietary , Charter-financial-planning , Australian-securities-exchange , Federal-court , Planning-proprietary-limited , Financial-planning-limited

AMP companies being sued by ASIC

AMP companies being sued by ASIC
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AMP (ASX:AMP) share price on watch as ASIC starts legal action

AMP (ASX:AMP) share price on watch as ASIC starts legal action
AMP (ASX:AMP) share price on watch as ASIC starts legal action
The corporate regulator is suing the finance giant in the Federal Court, accusing it of charging customers who had already exited its product.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony's stock holdings are here.
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AMP Ltd (ASX: AMP) share price will be in focus on Friday morning after the Australian Securities and Investments Commission revealed it has started legal action against the finance giant.

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ASIC Sues AMP Companies For Fees For No Service Charged On Corporate Superannuation Accounts

ASIC Sues AMP Companies For Fees For No Service Charged On Corporate Superannuation Accounts
mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.

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ASIC sues AMP companies for fees for no service charged on corporate superannuation accounts

ASIC sues AMP companies for fees for no service charged on corporate superannuation accounts
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

Australia , Australian , Hillross-financial-services , Financial-planning-proprietary , Superannuation-savings , Charter-financial-planning , Federal-court , Resolution-life , Planning-proprietary-limited , Financial-planning-limited , Savings-trust

ASIC sues AMP for charging deceased customers

ASIC has commenced civil penalty proceedings in the Federal Court against five companies that are, or were, part of the AMP Limited group, alleging that...

Australia , Australian , Nm-superannuation-proprietary , Financial-planning-proprietary , Federal-court , Proprietary-limited , Resolution-life , Planning-proprietary-limited , Asic , Ustralia , Ustralian-securities-and-investments-commission