AMP has been ordered to pay a $5.175 million penalty after Australia's Federal Court found the bank had failed to prevent its financial planners from "morally indefensible" conduct.
Specifically, financial planners were found to have engaged in "rewriting conduct", which means they provided advice that resulted in the cancellation of a client's existing insurance policy.
Source: Insurance Report (insurancereport.net)
5 mil - is that all Ffs that’s a slap on the wrist
Is on the same deal as the smh Politics_SMHAGE lisazdavies ? Why did hamishNews QandA get so shy when a climate scientist pointed out that our problem is Murdoch misinformation? Is Hamish a lapdog of the oligarchs?
didn't find APRA guilty of doing nothing
Fine is chump-change, they win.
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