Brenner leaves reported $660,000-a-year role, as general counsel Brian Salter also steps down and directors have 25% of fees stripped for this year

The chair of financial services giant AMP, Catherine Brenner, has resigned from her reported $660,00-a-year role, the latest casualty from the unfolding scandals uncovered by the banking royal commission.

Australia’s largest wealth manager will also strip directors of 25% of their fees for the rest of the year. AMP’s general counsel, Brian Salter, is also leaving, and the company has warned there will be “employment and remuneration” consequences for others involved in the fees-for-no-service scam.

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Read More AMP chair Catherine Brenner resigns after scandals uncovered by banking commission

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