AMP hits back at class action, says buy-out policy changes needed to avoid ‘BOLR run’

AMP 2020-10-12 2:13 pm By Christine Caulfield | Melbourne

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Changes to AMP’s buyer of last resort policy that reduced the multiple by which the wealth management firm would purchase advisers’ client registers was necessary to protect the business from a ‘BOLR run’, a court had been told.

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