AMP admits to breaches in ASIC’s insurance churn case
Clayton Utz 2019-05-21 12:43 pm By Miklos Bolza | Sydney
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AMP’s financial planning unit has admitted it breached the Corporations Act when at least one of its representatives engaged in so-called insurance policy churning, in a case brought by the Australian Securities & Investments Commission that will now head to a hearing on penalties next month.

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