Class action looming against AMP Financial Planning

Shine Lawyers has indicated it is about to hit AMP Life, AMP Financial Planning and its subsidiaries, Charter Financial Planning and Hillross Financial Planning, with a class action.

by Shared by the ifa | 12 Feb, 2020

Class action looming against AMP Financial Planning

Major Spending Initiatives

$36 billion in new spending
$17 billion in personal tax cuts
$8.5 billion in universal Medicare spending
$5 billion for childcare
20% of student debt wiped for 3 million students
$150 off power bills for all households and small businesses
Prescription costs capped at $25 each

The action to be filed in the Federal Court will claim that AMP Financial Planning through its authorised representative and companies breached its fiduciary and statutory duties to an estimated 100,000 clients by failing to provide objective financial advice, failing consumers’ best interests.