ASX:AMPDiversified Financial
Does AMP’s A$29 Million Advice Settlement Shift the Bull Case For AMP (ASX:AMP)?
Earlier this week, AMP agreed in principle to pay A$29 million to settle a long-running class action over adviser-recommended in-house life insurance products, with no admission of liability and final approval still subject to the courts.
This resolution marks another step in AMP’s effort to close legacy conduct issues following a recent A$120 million superannuation fee settlement, potentially reducing litigation overhang on its reshaped wealth, banking, and retirement business.
We’ll now...