AMP's appetite for destruction

The tale of woe that has become synonymous with AMP continues apace.

What a misnomer. For a company that apparently specialises in the business of wealth management, AMP (AMP) certainly has a less than stellar track record.

After a shock downgrade four months ago, citing problems in resigning customers to wealth protection insurance policies, little seems to have changed.

In fact, the situation now appears worse to the tune of $65 million.

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