Over the past week, the Finance Sector Union of Australia has consulted with AMP Financial Planners across the country. These FSU members unanimously endorsed a comprehensive strategy to confront AMP over their decision to unilaterally slash the terms of their Buyer of Last Resort (BOLR).
Delegations to Members of Parliament
The FSU is currently briefing all members, and Ministers of State and Federal parliament, on the issues and impacts affecting AMP Planners. Register your interest in attending a meeting with your local delegation here: mark.pannowitz@fsunion.org.au
Lodge your complaint with the Small Business Ombudsman
The FSU has also been in ongoing discussions with the Small Business Ombudsman’s office. They have advised that they have asked AMP to mediate with the planners who have approached them. AMP has agreed to this.
We encourage all planners to provide details of their matter to the Small Business Ombudsman’s office and the FSU. Lodge here: https://www.asbfeo.gov.au/assistance/lodge-a-dispute
AMP CEO gets bonus bump while Planners lose their homes
AMP’s $2.5 billion full-year loss and $2.4 billion impairment charge highlights the turmoil the company has been in since the Hayne Royal Commission reported a year ago.
While shareholders will be concerned about the direction AMP is taking, decisions taken by the corporation have also destroyed the livelihood of hundreds of planners. See our latest press release here: https://www.fsunion.org.au/amps-planners-facing-hardship/
Refer a colleague
If you know a fellow AMP Planner who would like more information on our strategy or how to get involved, they can get in touch here – mark.pannowitz@fsunion.org.au
Contact Details
Finance Sector Union
Ph: 1300 366 378
fsuinfo@fsunion.org.au
