Former Perpetual boss Geoff Lloyd will lead the separation of MLC from National Australia Bank.
Reviewing your assets and liabilities now will improve your net position in the long term.
The asset manager will stop its financial advisers from receiving commissions on investment products that were agreed to before a ban on such payments.
Personal finance expert Noel Whittaker answers your questions.
John O'Sullivan will lead work on regulatory and legal matters as the wealth manager"resets"after its boardroom crisis.
AMP is facing a fourth shareholder class action over the scandals revealed at the banking royal commission and the resulting damage to its market value.