Super funds and institutional clients are abandoning AMP Capital after the botched sexual harassment case continues to hurt the company's reputation.
AMP is compensating customers after investment products were mislabelled on a digital platform used by its aligned advisers.
The senior lawyer who claims to have reported AMP's fees for no service scandal has now received a settlement after being fired.
AMP has confirmed there will be job losses across its banking and investment divisions - AMP Capital and AMP Australia.
AMP has its work cut out for it hunting down pesky company leaks – given a new initiative tracing company emails has itself been leaked.
AMP communications executives planning to introduce a system to monitor staff emails accidentally sent their confidential deliberations to hundreds of staff.
Current and former AMP-aligned advisers claim the wealth giant has engaged in fraud and deception over changes to a longstanding policy that has left many in debt.
AMP chief executive Francesco de Ferrari has publicly apologised to Julia Szlakowski,a former employee at the centre of a sexual harassment scandal.
A deed of release offered to retiring AMP financial planners would force them to compensate the company for any damages related to class actions.
The embattled wealth manager has appointed a team of consultants to explore options for selling parts of the company after some potential buyers showed interest.
Corporate predators have a heightened sense of smell when it comes to finding a wounded business,so it's no surprise they're sniffing around AMP.