AMP Ltd (AMP.AX)
20 Jun 2019
June 14 Australian shares ticked up on Friday as rising commodity prices boosted miners, while attacks on oil tankers in the Gulf of Oman saw energy stocks gain on supply concerns.
SYDNEY Australia's banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd's pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%.
* AMP due to update market on strategy, cash flow on Aug. 8 (Adds shares, fund manager comment)
SYDNEY, June 14 Australia's banking watchdog on Friday said it had issued directions and license conditions on AMP Ltd's pension fund units to force it to comply with regulations governing the superannuation industry.
Australian wealth manager AMP Ltd said on Thursday it would defend itself against a new class-action lawsuit filed on behalf of pension fund account holders and claiming overcharging of fees.
May 30 Australian wealth manager AMP Ltd said on Thursday it would defend itself against a new class-action lawsuit filed on behalf of pension fund account holders and claiming overcharging of fees.
May 30 Australian law firm Maurice Blackburn on Thursday said it had filed a class-action lawsuit against wealth manager AMP Ltd on the behalf of all AMP superannuation fund account holders.
* Aussie shares see biggest intraday fall in nearly one month
SYDNEY Australia's oldest wealth manager, AMP Ltd, posted a near nine-fold increase in cash outflows at its wealth management unit on Thursday in the wake of damaging revelations of misconduct, sending its shares down sharply.
* Shares down 5 pct (Updates shares, adds AGM voting outcomes)