Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 375 results for %22AMP New Zealand%22

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

Partners Wealth Group names head of alternatives

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... investment management and family office experience, having previously worked in portfolio management and research roles across AMP Capital, BT Funds Management and Craig Investment Partners in New Zealand. Partners Wealth Group chief investment officer ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... loosening in the labour market," HSBC chief economist for Australia, New Zealand and global commodities Paul Bloxham said. AMP deputy chief economist Diana Mousina said Australia's unemployment rate bottomed at a near 50-year low of 3.4% in October ...

Iress expands superannuation leadership

CHLOE WALKER  |  MONDAY, 10 JUL 2023
... and a sales manager role at SS&C Technologies. His first role in financial services was as a people and culture advisor to AMP. "It's great to be back in super and to be part of a technology-led business that is in a strong position to deliver brilliant ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
... have feared, but then it's bigger than last year's increases which were 5.2% for the minimum and 4.6% for the award," AMP chief economist Shane Oliver told Financial Standard. "Our rough calculation is that it adds about 1.25% to wages growth ...

AMP restructures wealth management, chief exits

KARREN VERGARA  |  MONDAY, 29 MAY 2023
AMP has made the chief executive role of its local wealth management business redundant as it restructures to a new operating model. Australian Wealth Management (AWM) will see chief Scott Hartley exit by the end of the year. "With the recent [AMP Capital] ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... Council of New Zealand and held numerous other board directorships. He has also held executive roles with IAG, Lendlease, and AMP. "Under Martin's direction, ASFA has pursued a sophisticated, articulate and evidenced-based approach to advocacy and has ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... "some further tightening of monetary policy may well be needed to ensure that inflation returns to target". Many experts, like AMP deputy chief economist Diana Mousina, see the RBA governor delivering on that promise and continuing to hike rates. Mousina ...

AMP, Dexus reach final sale agreement

CHLOE WALKER  |  MONDAY, 20 MAR 2023
The long-awaited transfer of the AMP real estate and domestic infrastructure equity business to Dexus Funds Management has begun, with the first-stage completion of the sale expected to occur this week. First completion is expected on Friday, at which ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
AMP is set to pay a dividend of 2.5c per share after reporting a statutory net profit after tax (NPAT) of $387 million, its first since the Royal Commission came to an end. It marks a significant turnaround for the wealth giant, having last year reported ...