AMP chairwoman Catherine Brenner has resigned this morning following the discovery of damning evidence at the banking royal commission of misconduct by the company’s staff.
The royal commission heard on Friday that the AMP could also be facing criminal penalties for misleading corporate regulator ASIC.
Counsel assisting the inquiry Rowena Orr, QC said the AMP may have breached regulations over numerous misleading statements relating to its practice of charging fees for no service.