AMP offers pro bono advice in response to bushfires
AMP has announced it will be offering free financial advice to people who have experienced severe loss as a result of the recent bushfires affecting Australia.
The pro bono service, which includes general and personal advice, is available to both clients and members of the general public who have had a major financial or personal loss from the bushfires, AMP said in a statement.
AMP said it has also put together a disaster relief package for its clients impacted by the bushfires, including:
- Waiving of certain bank fees for customers requiring urgent access to their funds;
- Temporarily postponing home loan repayments or extending the term of a loan;
- If the ATO has assessed that a customer is eligible on compassionate grounds, releasing superannuation funds early to help with medical and other expenses; and
- A one-off, three-month waiver from paying AMP life, total and permanent disability, trauma, income protection and business expenses insurance premiums.
Further, the AMP Foundation revealed it is offering financial assistance to all involved rural fire brigades where employees and advisers volunteer.
AMP Australia chief executive Alex Wade said the initiative will help individuals and families on their road to recovery.
“We have advisers in local communities across many of the impacted areas who would like to help people get back on their feet,” Mr Wade said.
“AMP has a long history of supporting Australians through tough times and we’ll help those affected by this disaster however we can.”
Former NSW adviser banned following conviction
BREAKING ASIC has permanently banned a former NSW-based financial adviser follow...
Westpac brings in new ‘battle-hardened’ chairman
Westpac has appointed a successor to replace outgoing chairman Lindsay Maxsted. ...
Advice in ‘flux’: HLB Mann Judd
It’s the best of times and the worst of times for financial advisers, with ind...