‘Fundamentally wrong’: Judge pans AMP’s payment to PwC for remediation review

AMP 2023-06-02 3:48 pm By Cindy Cameronne | Sydney

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It was “fundamentally wrong” that AMP Financial Planning paid consultant PricewaterhouseCoopers significantly more to review a court-ordered remediation than was paid to customers who suffered loss after an adviser churned life insurance policies for higher commissions, a judge has said.

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