Our understanding is the existing AMP Paraplanners will be redistributed in the team to the compliance and vetting side but how this will function is still unknown.
Luckily for AMP Advisers there are plenty of Contract Paraplanning Businesses ready to take on the work, with many such as Paraplanner.com.au being one of the original contract service providers in the country having a strong team of AMP trained Paraplanners ready to help.
One of the potential benefits to the AMP Advisers now looking for a new solution for their Statements of Advice generation is reduced costs. Over the years the AMP Paraplanning unit has had to continue to increase Statement of Advice costs to help fund the Paraplanning Team and multiple layers of compliance checking, now with other contract Paraplanning service providers having a more streamlined and cost effective solution AMP Advisers could see more savings.
If your now looking for a solution to your Paraplanning needs feel free to reach out to Paraplanner.com and Start a Trial we have a great team ready to help.