AMP Ltd (AMP.AX)
23 Apr 2019
SYDNEY, April 4 Australia's largest listed wealth manager, AMP Ltd, will be subjected to additional regulator-imposed conditions when managing investment portfolios for clients, the Australian Securities and Investments Commission (ASIC) said on Thursday.
SYDNEY, March 20 Australia's AMP Ltd on Wednesday said it will not pay short-term bonuses to most executives, a move that could help it avoid possible board removal should investors vote against its remuneration practices for the second consecutive year.
March 1 S&P Global Ratings on Friday said it had downgraded Australian wealth management firm AMP Ltd to 'A-' from 'A' and lowered its ratings on the group's operating units by one notch.
* Says retirement bill would hit earnings by $21 mln annually
Feb 18 AMP Ltd, Australia's biggest wealth manager, said on Monday its operating earnings will face a hit based on its assessment of the government's bill to protect customers' investments in superannuation funds.
SYDNEY, Feb 14 Australia's AMP Ltd on Thursday said client withdrawals from its flagship wealth management unit showed no sign of abating and warned that legal and compliance costs would hit 2019 earnings, as it tries to recover from a year of scandal.
Feb 14 Australian shares edged higher on Thursday, driven by miners and oil producers following upbeat earnings and higher commodities prices, although losses from scandal-hit wealth manager AMP limited broader gains.
Feb 14 Australia's largest wealth manager AMP Ltd reported a 35 percent fall in annual underlying net profit on Thursday, matching its guidance and reflecting underperformance at its domestic wealth management arm.
* Former wealth management head testified at embarrassing inquiry
Feb 7 Australia's AMP Ltd said its wealth management head will step aside on Thursday just days after the release of a public inquiry into the financial sector that called for changes to the financial planning sector.