IMHO this all results from ticket-clippers becoming greedy.
Earlier talk of ending the ticket-clipping now clearly appears false.
AMP can recover IF it's management really wants to.
Recovering requires returning to where clipping of investments and policies is clearly at reasonable rates, with clear priority upon ensuring investor returns reasonable+%.
Is a fine distance between reasonable and extortionate, with occasional losses.
AMP needs remove ticket-clippers, needs re-learn how to be reasonable.
BTW majority of AMP people self has dealt with have been reasonable and helpful, even when they needed explain why things would not work out as well as I had hoped in patient reasonable manner.
It is disgraceful the board sat on all these IMHO criminal actions, in this bad news for so long without acting decisively to fix the problems, because of this failure, my sentiment is for a full board spill.
IF any senior staff, management or board members, were trying to act, each needs be identified, those who actively sort action not silence we need retain, or re-employ.
IMHO only issue need resolved is who best to replace others with ?
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