The overhaul of AMP’s advice business has dominated recent industry news, as the group’s ‘difficult but necessary’ revaluing of its BOLR terms had devastating effects on some of its former advisers. 

In this episode of The ifa Show, host Sarah Kendell is joined by The Advisers Association chief executive Neil Macdonald to get the latest on how AMP’s dramatic transformation is playing out among current and former advisers. Neil discusses the progress in negotiations with advisers being exited out of AMP, how lookback audits are impacting the values planners are getting for their client books, and what the changes have meant from an emotional perspective for affected advisers.

Neil also touches on how remaining AMP advisers are being encouraged to shore up their long-term profitability in the face of further regulatory change and the impact of AMP’s transformative policies on adviser workloads.