Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Senior AMP executive ‘lost count’ of how many times the company duped the regulator

Article image for Senior AMP executive ‘lost count’ of how many times the company duped the regulator

Head of AMP’s financial advice lost count of the number of times the company misled the corporate regulator.

The focus of the Banking Royal Commision has been on the practice of charging customers a fee but failing to provide a service.

Testifying before the commision, Anthony Regan admitted ASIC was repeatedly misled about the extent of the problem.

The company’s shares have also tumbled by 4% after the financial services giant admitted it ripped-off customers to boost its bottom line.

He says affected clients have been compensated, and the company’s culture is changing.

Listen to Ross Greenwood’s update below

Advertisement