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Showing 31 - 40 of 111 results for "AMP Life"

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... in a statement to the ASX. "AMPFP and Hillross will defend the proceedings." Proceedings have also commenced against AMP Life Limited. Shine is alleging that BT and CBA also sold customers overpriced in-house life, income protection and total and permanent ...

Wealth manager takes massive profit hit

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... investment of $1-1.3 billion." AMP said, despite the challenging circumstances, it has successfully completed its sale of AMP Life, which has served to simplify the portfolio. It said this has helped free up capital and deliver a foundational element ...

HUB24 awards super trustee mandate

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
... entities, alongside Equity Trustees Superannuation Limited (ETFL). Earlier this month, Equity Trustees won the mandate for AMP Life's superannuation funds after its sale to Resolution Life. It included 340,000 members and about $7 billion and was previously ...

AMP hit with credit downgrade

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
... The rating assigned to AMP Bank remains unchanged by S&P at BBB+. The change to the credit rating is a response to the AMP Life Limited sale which settled at the end of June. In an announcement to the ASX, AMP defended itself against the downgrade. "AMP ...

AMP Life awards mandate post acquisition

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
A trustee has been appointed to AMP Life's superannuation funds, which hold more than $7 billion, following the sale of AMP Life to Resolution Life. Equity Trustees will be trustee for the super funds, replacing current trustees N M Superannuation and ...

Super fund names head of portfolio design

ELIZA BAVIN  |  THURSDAY, 25 JUN 2020
... services and joins HESTA after 15 years at the Reserve Bank of Australia followed by chief investment officer positions with AMP Life and Genworth Australia. Prior to joining HESTA, Weston was also a member of AustralianSuper's Investment Committee ...

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
AMP Life has appointed a chief investment officer and a deputy, as its sale to Resolution Life crosses New Zealand central bank's concerns raised last July. The sale was first announced in October 2018 for $3.3 billion and the completion date set for ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... Hazelton said. A shareholder asked whether remuneration for the board and executives would be cut following the sale of AMP Life. Murray said the board would be cut from nine to seven following the sale and that the number of executives reporting to ...

AMP NZ wealth divestment off

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... was still on track to divest from its New Zealand wealth management business, as well as its life insurance business AMP Life.

COVID-19 sparks renewed fight for commissions

ELIZABETH MCARTHUR  |  MONDAY, 6 APR 2020
... commissions are expected to be turned off in the first half of this year as AMP simplifies its super products and the sale of AMP Life goes through. "We have consistently said we would stop paying grandfathered commission to advisers this year, and return ...