Australia’s AMP handed $9.7 million penalty for fee-related breaches
(Reuters) – Wealth manager AMP Ltd said on Tuesday it was handed a A$14.5 million ($9.74 million) penalty by the Federal court in relation to breaches concerning the historic charging of “Plan Service Fees.”
($1 = 1.4890 Australian dollars)
(Reporting by Harish Sridharan in Bengaluru; Editing by Dhanya Ann Thoppil)
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