AMP Ltd:Announced Introduction Of A New Service Model With Its Aligned Advice Network.New Model Includes New Service Proposition And Fee Model For Advice Practices.New Fee Model Will Be Phased In From 1 January 2022 To 1 January 2023.Currently Expect These Commitments Will Be Covered By Existing Provisions & Capital Allowances As Part Of Buyer Of Last Resort Program.New Model Includes Release Of Institutional Ownership Of Clients From Amp Financial Planning To Advisers.New Model Includes Conclusion Of Client Register Buy Back Arrangements From Dec 31.
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AMP Announces New Contemporary Advice Service Model
T-Reuters2021-07-26
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