AMP Capital has announced two key sales executives appointments to its retail team.
John Meigan is the new state account manager for Queensland and Ryan Lapish is state account manager for Victoria.
Both will work under the new head of account management Barbara Glover, who moved across from the head of investment sales role at AXA last year, AMP Capital stated.
Meigan joins AMP Capital from Vanguard Investments where he helped grow their business in both New South Wales and then moved to Queensland as their first state based business development manager.
Lapish joins AMP Capital from Perpetual where he worked with advisers and dealer groups to develop new business opportunities and retain existing relationships, AMP Capital stated.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.