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AMP and the case for timely advice

David Chaplin
Wed, 17 Feb 2021

AMP and the case for timely advice
David Chaplin
Wed, 17 Feb 2021
AMP disappointed everyone and surprised no-one last week with news its white-hatted saviour was not coming to the rescue after all.A stranger in these parts, the US investment firm Ares Management rode up last October toting a A$6.3 billion lifeline that could have pulled the in-distress AMP out of the quicksand.Unfortunately, it was only a non-binding lifeline, which Ares has since retracted, leaving the ASX-listed financial services firm still stuck in the mud.Bloomberg reported, Ares “abandoned its offer for the whole company partly be...

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