Thursday, February 14, 2019

AMP profit crashes 97pc amid royal commission scandal fallout. I speak with AMP boss Francesco De Ferrari.

Wealth management giant AMP has seen its full year profit dive by 97 percent to $28 million as it confronts scandals from the financial services Royal Commission. 

AMP has recorded net cash outflows of $3.97 billion from its wealth management business as customers consider where to invest their money. 

AMP chief executive Francesco De Ferrari speaks with ABC's Peter Ryan.

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