Business
‘No moral fibre’: AMP advisers launch class action against wealth giant – Sydney Morning Herald
AMP has been hit with a class action over changes to a policy that has left hundreds of aligned advisers out of pocket.
“AMP has refused to budge from the chairman and chief executive down,” Mr Rees said. “If theyre serious about restoring their corporate reptation in Australia, treating their own business partners like this makes you wonder how they treat customers.
“Ive seen some pretty ordinary behaviour by corporations over the years but this is a pearler.”
AMP told the ASX it was confident in the actions it took last year and said it would defend the proceedings. A spokesman said 30 mediation sessions had …
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