AMP chief executive Craig Meller has brought forward the resignation announced for end of 2018, stepping down immediately in light of evidence of misconduct uncovered by the royal commission.
In a statement AMP announced a number of measures in light of the revelation that it had lied to ASIC more than 20 times among other acts of misconduct.
AMP non-executive board director Mike Wilkins has been appointed acting CEO and will chair a review of the institution's advice business and governance issues.
Follow live as the royal commission financial advice hearings continue today: https://www.ifa.com.au/strategy/25404-royal-commission-financial-advice-hearings-live-blog
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 14 Dec 2018ASIC clarifies RG 146 requirements for advisersBy Adrian Flores
- 14 Dec 2018Sargon Capital acquires listed robo adviserBy James Mitchell
- 14 Dec 2018Industry body flags CPD burden under FASEA proposalBy Adrian Flores
- 14 Dec 2018Adviser exodus creating ‘enormous opportunity’ for accountantsBy Jotham Lian
- 14 Dec 2018Advisers embracing ESG investing, says surveyBy Adrian Flores
- 13 Dec 2018AFA picks apart CPD policy from FASEABy Adrian Flores
- view all
