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
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