AMP and ASIC added to banking royal commission hit list

Original article by James Frost
The Australian Financial Review – Page: 13 : 4-Apr-18

Financial advice will be the focus of the banking royal commission’s second round of public hearings, which will commence on 9 April. While the four major banks are likely to attract further scrutiny, AMP and its subsidiaries have also been asked to appear before the inquiry, along with officials from the Australian Securities & Investments Commission and industry bodies such as the Financial Planning Association of Australia and the Association of Financial Advisers.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AMP LIMITED – ASX AMP, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, FINANCIAL PLANNING ASSOCIATION OF AUSTRALIA LIMITED, ASSOCIATION OF FINANCIAL ADVISERS LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH FINANCIAL PLANNING LIMITED, COUNT FINANCIAL LIMITED, DOVER GROUP, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RI ADVICE GROUP PTY LTD, MILLENNIUM 3 PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, BT FINANCIAL GROUP PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

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