Distributor Newsletter

Key appointment: National Business Finance Manager

 

AMP is delighted to confirm the placement of Danielle Main in the newly created role of National Business Finance Manager. Previously our Area Manager South – Distribution, Danielle has been a member of the AMP family for five years.

 

Including her time at AMP, Danielle has an extensive 24 years of experience spanning mortgage broking and financial planning and it’s evident she possesses a deep understanding of the financial landscape. Danielle’s passion for small to medium businesses underscores her commitment to nurturing entrepreneurial growth. Her leadership skills shine through in her ability to build and lead teams, fostering an environment where individuals thrive. Danielle’s influence in driving change within the Mortgage Brokering and Financial Planning industry marks her as a true catalyst for innovation and progress.

 

What is the Business Finance loan?

 

The Business Finance Loan enables advisers and brokers to use their current and/or future ongoing reoccurring revenue as security, so they can grow their business.

 

We can provide finance for:

  1. Acquiring or merging businesses
  2. Employees may borrow to buy into the business for succession planning or equity purposes
  3. A line of credit (may be considered for working capital management), and more.

Recap: Self-employed policy & repricing request form

Self-employed policy

 

Allowable addbacks include:

  • Director salary
  • Interest charges on loan/s being refinances
  • Excess superannuation
  • Non-recurring expenses
  • Depreciation
Find out more

Repricing request form

 

We’ve uplifted the way you request pricing for retention purposes for your existing customers’ loans, so we can provide an outcome more quickly.
Repricing form

We’re phasing out cheques

Cheque usage has significantly declined with an increasing number of Australians moving towards faster and more secure payment methods. We are making some changes to our cheque services in line with the national approach to phase out cheques in Australia.

 

Key dates

  • 11 May 2024 – from 11 May 2024 we will no longer issue bank cheques
  • 27 May 2024 – from 27 May 2024 customers who have an AMP Bank issued bank cheque in their possession will need to contact us on 13 30 30 to arrange to have it paid into a nominated bank account.
  • 24 November 2024 - From 24 November 2024, we will no longer accept for deposit, personal cheques or cheques issued by other financial institutions.

Find out more

New home loan application journey

Last week we announced we are partnering with Simpology to deliver a simplified end-to-end application journey which will fast-track ‘time to yes’ plus give greater visibility and certainty of an application from submission to settlement.

 

Find out more

The people behind the bank

 

I’m Danielle Main and I am a National Business Finance Manager.

Danielle’s extensive knowledge and experience is complimented by her ‘can do’ attitude and her passion for the Mortgage Broking industry so that she can ensure clients receive the right debt advice. Danielle has a hard working and practical approach to her work which is evident in the outcomes she has achieved over her career.

 

Danielle believes she is an ethical person and leader who is a key influencer of change. She delivers results by designing and implementing good ideas. A key strength she has is in building great teams, allowing them to perform well and achieve their personal best. Above all, Danielle values passion and authenticity and she herself demonstrates this in the way she works with others every day!

The Business Finance Team 

 

The Business Finance Team is your first port of call for product knowledge, deals, and general enquiries. Find out more about our Business Finance Loan at the Distributor Knowledge Centre.

 
What you need to know
 
The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517.  Approval is subject to AMP Bank guidelines. Information including interest rates is correct as at 10 May 2024 and is subject to change without notice. Terms and conditions apply and are available at amp.com.au/bankterms or by calling 13 30 30. Fees and charges are payable. Before making a decision about an AMP Bank product your customers should consider the terms and conditions. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
 
This email was sent by AMP Bank Limited, Level 2, 2-12 Macquarie Street, Parramatta NSW 2150 to bhavna_rai@amp.com.au.