Recently there has been much negative media attention on AMP including a Four Corners program on Monday night. The program looked back at the history of AMP and their advice business during and after the recent Royal Commission hearings.
The program covered the topic of ‘fees for no service’ and improper conduct by AMP management and advice network. AMP have admitted they have “let down its customers and are working hard to make significant improvements across the business to ensure our focus is firmly on helping and supporting its customers”.
Active Financial Services has used some AMP products to meet client’s needs (only where appropriate and suitable) and therefore the recent media coverage on Monday will understandably continue to cause concern for some clients.