AMP CEO retires immediately

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: 

AMP CEO retires immediately
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