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(Reuters) -Troubled Australian wealth manager AMP Ltd will pay a court-mandated penalty of A$24 million ($16.3 million) for billing dead clients for insurance and financial advice, effectively drawing the curtains to a scandalous saga dating back to 2018.
The allegations first came to light when a public inquiry exposed systemic wrongdoing at the company, including charging fees for advice that was never given, taking insurance premiums from the accounts of dead clients and conspiring at the bo...
>>> Read more: Australia's AMP fined $16 million for charging fees to deceased clients
The allegations first came to light when a public inquiry exposed systemic wrongdoing at the company, including charging fees for advice that was never given, taking insurance premiums from the accounts of dead clients and conspiring at the bo...
>>> Read more: Australia's AMP fined $16 million for charging fees to deceased clients
