SYDNEY (Reuters) – Australia’s banking watchdog on Friday mentioned it had imposed stricter licensing situations on AMP Ltd’s pension fund models following considerations concerning its compliance with superannuation legal guidelines, sending its shares down greater than 4%.

FILE PHOTO: The emblem of Australia’s greatest wealth supervisor, AMP Ltd, adorns their head workplace constructing in Sydney, Australia, Feb. 9, 2017. REUTERS/David Grey/File Picture

The transfer comes because the nation’s largest listed wealth supervisor works to rebuild its model after revelations of significant wrongdoing at an inquiry into the monetary sector final yr, together with the charging of charges for companies…



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