Australia's AMP to Spend Over $852 Million in Remediation, CEO Tells Inquiry

Australia’s AMP to Spend Over $852 Million in Remediation, CEO Tells Inquiry

Australia’s largest-listed wealth manager, AMP Ltd, told an inquiry on Tuesday it expected to spend A$1.18 billion (666.92 million pounds/$852.60 million) to compensate customers who had received bad advice or been charged for no service.

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