AMP taken by surprise by ASIC’s claim of 120 breaches in insurance churn case

AMP 2019-07-26 9:45 pm By Amelia Birnie | Sydney

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AMP Financial Planning has attempted to qualify its admission to so-called insurance churn allegations by the corporate watchdog, suggesting it might not have admitted to “all contraventions” if it had known ASIC would push for up to 120 separate breaches and $36 million in penalties.

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