ASIC could kill AMP advice model
![AMP's executive chairman Mike Wilkins copped a roasting at the company's annual meeting in Melbourne on Thursday.](http://web.archive.org./web/20180511002605im_/http://www.afr.com/content/dam/images/h/0/z/x/0/7/image.related.afrIndexLeadWide.460x260.h0zx4g.gshfrb.png/1525989789483.jpg)
AMP's record-high negative 61 per cent vote against its remuneration report is the least of its worries when weighed against the prospect of the company's core advice business disintegrating.
AMP's record-high negative 61 per cent vote against its remuneration report is the least of its worries when weighed against the prospect of the company's core advice business disintegrating.
Labor will better the Coalition's tax cuts for 10 million low-and-middle-income earners by $400 a year while keeping alive the option of matching the government's cuts for those on higher incomes.
The woman from Brisbane moved company headquarters and her family to Malaysia to ensure the rare earths miner's turnaround.
Australian shares are set to open firmer with SPI futures up 10 points. A tepid US inflation report eased worries of rate hikes coming faster this year.
Donald Trump will try to sweet-talk the North Korean leader out of his nuclear weapon drive when the two meet in Singapore.
"There's not a lot of point talking about $150,000 today and $150,000 in 10 years' time. They're very different things."
Mahathir Mohamad said he'd focus on growing the economy and reducing debt while telling business he'd like lift the country's stock market.
Perpetual has poached Rob Adams from rival fund manager Janus Henderson to be its new CEO
More than $1 billion in non-cash write-downs pushed News Corporation into a loss for the third quarter.
NAB will provide a $20 million debt facility to the green energy lender and is prepared to scale it up as demand for solar panels grows.
The big four banks have accepted claims they have mistreated customers but are standing by vertical integration even as they scale back their exposure to wealth management.
The corporate regulator is calling for an end to grandfathered commissions, which is still a major component of financial advisers' bonuses.
Yuzo Kano is trying to build a global cryptocurrency powerhouse, one former financier at a time.
The West Australian government is counting on the lithium boom to help it manage record state debt.
A flat yield curve and an unexplained drop in the US dollar means the market is looking very 2006 to London strategists ASR.
The Australian sharemarket gained on Thursday to within 5 points of the highest intra-day level in 10 years.
Anyone who tells you the major parties are relishing the prospect of five byelections is lying because the risk for both Bill Shorten and Malcolm Turnbull is only downside.
AMP's incoming chairman, David Murray, may not have attended the company's annual general meeting in Melbourne's Grand Hyatt on Thursday, but he cast a long shadow over the meeting.
The prospect of AMP's aligned advisers hurriedly looking for the exit from the industry seems likely to to cost AMP far more than its belated remediation efforts to its affected clients.
When Apple Inc invites you in for a chat the smart thing is always to take your tie off, get relaxed and get along in there.
Date for 'super Saturday' of byelections to be known next week.
Canberra builder Brenton Wells says a flatter tax system means more money in his pocket and less pressure on his family.
Tuesday's budget included a proposed ban on cash transactions over $10,000 but the government is open to setting an even smaller limit, Revenue Minister Kelly O'Dwyer says.
Budget health spending is falling in per capita terms, experts say.
The West Australian government has claimed it is slowly getting the state's tattered finances back on track after again stalling on asset sales.
Former Malaysian Prime Minister Mahathir Mohamad's extraordinary comeback was lifted by the toxic brand of Najib Razak.
Israeli warplanes pounded dozens of Iranian military targets in Syria, responding to Iranian rockets lobbed at Israel.
Donald Trump personally welcomed home three Americans released from detention in North Korea, a triumphant middle-of-the-night moment for the president.
In less than two weeks, Walmart has agreed to cede control of its British business to a competitor and spend $US16 billion to acquire India's e-commerce leader in its biggest-ever deal.
Investors are grappling with Mahathir Mohamad's surprise election victory in Malaysia's election. Here's a look at what it means for the outlook for economic policy and markets.
The government says new rules to protect the balances of young superannuation savers from fee erosion are non-negotiable, no matter how loud the objections from 'vested interests'.
Link Group is under pressure to provide a more meaningful earnings update at an investor day next week, after fears around superannuation changes in the budget pummeled its shares.
Investing in the current crop of market darlings may not be the best strategy in a world of uncertainty, says the head of Australian equities at Schroders.
There are trade-offs if you want to climb the corporate ladder and it is best to recognise that early in your career, says Lynas Corp CEO Amanda Lacaze.
A key aspect of a common tax-reduction strategy employed by partners in legal, accounting and other professional service firms has been cut off in this year's budget.
The federal budget sets up an educational equivalent of 'Ground-Hog Day'.
Sexual harassment is still seen as the price of being at work for many women.
Mercedes-Benz Fashion Week Australia kicks off in Sydney this weekend with some exciting newcomers in the lineup.
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