You may have seen in the press recently that AMP will acquire AXA Australia on 31 March 2011.

Charter Financial Planning, the company we hold our financial planning licence through, is part of AXA Australia and therefore is affected by this change in ownership.

Preliminary briefings by both Charter and AMP indicate that they will continue their current level of support and it is unlikely there will be any changes in the foreseeable future which would impact on Hanmoores ability to provide the best possible advice to clients.

We will keep this matter under review and will update you as appropriate.    In the meantime if you have any questions please feel free to contact our office.