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Showing 21 - 30 of 105 results for "Wealth Protection"

AMP profits nose dive, dividends hit

KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... $105 million from the businesses subject to a sale agreement with Resolution Life (Australia and New Zealand wealth protection and mature)," it said in a statement. For FY19, AMP is expecting a full year impact of $35 million post tax from MySuper pricing ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... with the fallout from its Royal Commission appearance, AMP eventually decided to divest its life insurance and wealth protection business, in a $3.3 billion sale that attracted the ire of shareholders. The ASX was forced to intervene, and ruled the under-fire ...

ASX dismisses concern over AMP sale

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... determined AMP does not require shareholder approval to move forward with the planned $3.3 billion sale of its wealth protection businesses. On Friday the exchange confirmed AMP was not required to seek shareholder approval to sell its wealth protection ...

Industry fund, IRESS begin automated advice journey

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... projections and make choices to optimise retirement outcomes. Members can also receive automated advice for wealth protection, savings and debt management. IRESS managing director, superannuation Jeff Hall said the solution can also be coupled with WA ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
AMP will exit life insurance in 2019, following a $3.3 billion sale of its wealth protection business. It will also divest its New Zealand wealth management and advice businesses via an IPO. The completion of an AMP portfolio review led to the divestments. ...

AMP profits nosedive, new board director announced

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... Commission. It brought in a net profit of $115 million as compared to $445 million in last year's first half. The wealth protection business, which includes group risk insurance, only turned around $1 million in operating earnings - a fall of 98% over ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
... business, though is offset by a recent deterioration in experience and one-off capitalised losses in Australian wealth protection. "Today's announcement reflects our commitment to take decisive action to reset AMP and establish a platform from which ...

PPS Mutual creates state manager role

KARREN VERGARA  |  TUESDAY, 24 JUL 2018
... investment platforms and other key partnerships. Prior to that, she was the national development manager of wealth protection at AMP and AXA, and has also worked at MLC. The specialist insurance company offers products designed to meet the protection ...

Global manager begins alternative risk premia push

DARREN SNYDER  |  TUESDAY, 20 FEB 2018
... increase the downside risk in their portfolios, Marais said. "It softens the blow, depending on whether its wealth protection or growth, it softens the beta. It brings the beta down because it is long-short," he said. "It's beta protection and it gives ...

AMP considers "all alternatives" in life insurance portfolio review

ALEX BURKE  |  THURSDAY, 8 FEB 2018
Following on from its comprehensive reinsurance program for its wealth protection business in 2017, AMP said it is considering "all alternatives" for its life insurance portfolio and is in discussions with "a number of interested parties." The wealth ...