1st December 2019
The impending regulatory changes that impact on the provision of financial advice have prompted several changes within our business - AMP City Financial Services. We are the same team of advisers operating in the same location as always, but we have made changes to our company structure and relationships with AMP and other product providers.
The new adviser regime will require AMP City to become a licensed financial advice provider and the team will become financial advisers and financial advice providers under the AMP City financial advice provider licence.
For many years, we have been operating as nominated representatives of AMP when providing you with financial advice. On 1 December 2019, we became registered financial advisers, with Bob continuing to be an authorised financial adviser, and so are no longer nominated representatives under AMP.
This change does not affect the advice we have provided to you in the past, but it does mean we can now provide advice on a wider range of financial products that are now in the market. This will also include AMP products.
Please contact your adviser if you have questions regarding this change or especially if you require advice due to changes in your life circumstances. As always, we are happy to help.