AMP cuts fees for its flagship MyNorth wrap platform

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AMP has announced a series of fee reductions to its flagship MyNorth wrap platform, benefiting more than 85,000 clients. The reductions will provide significant savings for existing and new superannuation, pension and investment clients, taking effect on 1 May 2019. AMP’s CEO, Australian Wealth Management, Alex Wade said, “We’re pleased to be reducing fees for existing […]

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Weekly market update – week ending 15 March, 2019

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Investment markets and key developments over the past week Global share markets rose over the last week helped by benign economic data. Australian shares slipped though with consumer and financial shares down on worries about the economy. Bond yields were flat to up globally but fell in Australia with the 10-year bond yield falling back […]

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AMP Capital acquires 50 per cent interest in Westadium

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AMP Capital has acquired a 50 per cent interest in Westadium – the State’s partner in the Optus Stadium Design Build Finance and Maintain Project from John Laing on behalf of investors in its Community Infrastructure Fund (CommIF). Optus Stadium is a new state-of-the-art, multi-purpose stadium that accommodates a range of entertainment and sporting events, […]

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AMP monthly data reveals superannuation hot topics

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Accessing super and understanding the conditions for release was the key issue financial advisers helped their clients with last month, according to AMP’s technical superannuation adviser support team. Data from more than 2000 calls made by advisers in February showed a spike in queries about early access to super. AMP’s team of technical superannuation experts […]

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Weekly market update – week ending 8 March 8, 2019

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Investment markets and key developments over the past week US, Eurozone, Japanese and Chinese shares fell over the last week on worries about global growth, but Australian shares pushed slightly higher on increasing expectations for rate cuts offsetting, for now, the negative impact of slowing growth. Bond yields fell as the ECB announced more monetary […]

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Debbie Alliston appointed as Chief Investment Officer for AMP Capital’s Multi-Asset Group

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AMP Capital has announced Debbie Alliston has been appointed as Chief Investment Officer for its Multi-Asset Group, effective immediately. With more than A$62 billion in multi-asset funds under management as at 31 December 2018, the Multi-Asset Group (MAG) delivers tailored investment solutions for clients including asset allocation, manager selection and portfolio construction.  MAG’s 27 investment […]

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Weekly market update – week ending 1 March, 2019

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Investment markets and key developments over the past week While US shares fell slightly over the last week with geopolitical noise not helping other major share markets including Australian shares continued to rise, arguably playing catch up to the rally in US shares. The Australian share market was led higher by health, IT, banks and […]

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The 2019 AMP University Challenge launches today

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The pens are poised, and the calculators are at the ready as tertiary students from around Australia set out to conquer the 2019 AMP University Challenge. Applications for the 2019 competition are now open to students looking to expand their skillset and explore the financial advice industry. Hopeful competitors who register now for the competition will […]

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Weekly market update – week ending 22 February, 2019

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Investment markets and key developments over the past week While US shares were little changed over the last week other major markets saw solid gains helped by good news on trade. This included Australian shares which got a further lift from reasonable earnings results, more talk of rate cuts and upgrades to earnings growth expectations […]

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Protecting Your Superannuation Bill impact

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AMP has completed an assessment of the impact of the federal government’s Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018. The Bill requires final approval in the House of Representatives, and therefore remains subject to potential further amendment. Based on the amendments passed in the Senate on 14 February 2019, the indicative operating earnings impact […]

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