‘Surprising and concerning’: AMP hit with $14.5M penalty in fees for no service case
AMP 2022-09-20 11:00 pm By Cindy Cameronne Sydney
Please login to bookmark Close

A judge has imposed a $14.5 million penalty on five AMP entities, saying it was “surprising and concerning” that the wealth manager deducted $356,000 from customers’ superannuation accounts for advice they never received, despite numerous complaints.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au