David Chaplin, and Investment News New Zealand, reports that AMP has resigned from the FSC. You can read the details at this link.
If AMP has resigned, and David Chaplin even suggests that another ‘marquee brand’ has also resigned then this could spell serious trouble for the FSC. But the resignations are described as ‘pro-forma’ and AMP states that they continue to support the aims of the organisation.
So I have this message: please stay.