AMP and Insignia Pension Products Fail Regulator's Annual Performance Test
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A dozen investment products offered by Australian pension funds have failed the regulator’s annual performance test. This includes options from wealth managers AMP Ltd. and Insignia Financial.
The failure highlights ongoing challenges within the Australian pension sector as regulators seek to ensure better returns for investors.
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“A dozen investment products offered by Australian pension funds have failed the regulator’s annual performance test, including options from wealth managers AMP Ltd. and Insignia Financial.”
Bloomberg — Watchdog Fails AMP, Insignia Pension Products in Annual Test