Original article by Duncan Hughes
The Australian Financial Review – Page: 4 : 3-Jan-19
Embattled financial services group AMP has implemented a range of measures aimed at avoiding a repeat of the scandal in which clients continued to be charged fees after they had died. Amongst other things, AMP has established a deceased estates hotline and an online services for administrators, executors and legal representatives of the deceased. AMP’s share price has fallen sharply in the wake of the financial services royal commission’s revelations, while five law firms are preparing class actions.
AMP LIMITED – ASX AMP, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, RESOLUTION LIFE GROUP LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COUNT FINANCIAL LIMITED