AMP boss Meller quits after scandals revealed at banking royal commission | WHAT REALLY HAPPENED


AMP boss Meller quits after scandals revealed at banking royal commission

AMP boss Craig Meller steps down, company apologises after scandals revealed at banking royal commission
By business reporter Stephen Letts

AMP's chief executive officer Craig Meller has quit his job with immediate effect after a series of scandals were revealed at the banking royal commission.
Key points:

CEO Craig Meller first senior executive to lose job as result of royal commission
Resignation accompanied by unreserved apology to customers
AMP lied to watchdog ASIC, charged customer fees for advice not delivered

The resignation was accompanied by an unreserved apology from AMP to its customers.

The royal commission heard AMP lied to the corporate watchdog ASIC for almost a decade to cover its practice of charging customers fees for advice that was never delivered.

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