Published: September 16, 2018
Royal commission told $1.3m in premiums was charged to super customers AMP knew had died
AMP has admitted to charging $1.3m in premiums for life insurance to more than 4,600 superannuation customers it knew had died, and admits the number of cases could be higher.
The royal commission heard on Monday AMP decided to investigate the matter in April after it heard Commonwealth Bank admit to the commission that its own financial advisers had been charging dead clients for financial advice.
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