Non-compliant advisers remained in AMP ranks
Non-compliant advisers remained in AMP ranks Non-compliant advisers remained in AMP ranks A number of advisers named in best interests breach proceedings that cost AMP more than $5 million in fines continued to work for the wealth giant until as late as May this year, with one still a current authorised representative, according to ASIC data. A A Darron Mink, Geoffrey Needs and Calvin Barlow were found to have breached best interests duty obligations by ASIC in 2018, following an investigation commenced when AMP reported systemic breaches by one of its planners, Rommel Panganiban, who was lat...
Source: ifa.com.au