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AMP Limited (AMLTF)
- Simply Wall St.
AMP (ASX:AMP) Has Affirmed Its Dividend Of A$0.02
AMP Limited ( ASX:AMP ) has announced that it will pay a dividend of A$0.02 per share on the 4th of April. This payment...
- Simply Wall St.
Investors in AMP (ASX:AMP) have unfortunately lost 55% over the last five years
We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly...
- Reuters
Australia's AMP fined $16 million for charging fees to deceased clients
The allegations first came to light when a public inquiry exposed systemic wrongdoing at the company, including charging fees for advice that was never given, taking insurance premiums from the accounts of dead clients and conspiring at the board level to deceive regulators. These revelations rocked the firm - leading to the exit of its chairperson and CEO, clients fleeing in troves and the company's market value shrinking. The Federal Court has found four companies that are or were part of the AMP Group in breach of the law when charging life insurance premiums and advice fees from the superannuation accounts of more than 2,000 deceased customers, the country's corporate regulator Australian Securities and Investments Commission (ASIC) said on Friday.
