Friday, August 17, 2018More Headlines
AMP trustee admits 'it's not a perfect system'
Commissioner Kenneth Hayne has questioned whether the trustee overseeing AMP’s various super funds can fulfil its obligations to members.
Back in 2011, ANZ had identified an “extreme” risk in using its retail network to sell wealth products, yet the practice continued.
QMV superannuation lawyer Jonathan Steffanoni says the sector should take away a heightened awareness of the nature of its responsibilities.