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| | | 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's wealth business in New Zealand. De Ferrari said AMP has considered a plan B if the sale of AMP Life to Resolution Life does not go through, however he did not elaborate on what that plan might be. Murray also had to defend the board's decision ... |
| | | | ... remain as a non-executive director on the board of AMP Life until the completion of the sale of the business to Resolution Life, however, he will retire from both the AMP Limited and AMP Bank boards, as well as the firm's Risk, Audit and Remuneration ... |
| | | | ... protection business as well as the expectation of a weaker market position going forward, after AMP Life is sold to Resolution Life. "The ongoing weakness in the wealth protection business has negatively impacted profitability, with the company reporting ... |
| | | | ... remain as a non-executive director on the board of AMP Life until the completion of the sale of the business to Resolution Life. AMP chair David Murray said: "On behalf of the board, I would like to offer sincere thanks to Mike Wilkins. He has taken ... |
| | | | ... De Ferrari said. Also announced, AMP has revised the terms of the AMP Life sale, saying the new agreement with Resolution Life provides greater certainty of execution and an implied value of $3 billion. The sale, which failed to meet necessary regulatory ... |
| | | | AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition precedent ... |
| | | | ... business separation," AMP Life said. AMP is currently in the process of offloading its life business to UK-based Resolution Life in a $3.3 billion sale that is expected to complete in the second half of this year and is subject to regulatory approvals. ... |
| | | | ... address the firm's difficult 2018. Touching on the controversial sale of AMP's life business to the UK-based Resolution Life, Murray said the life business had been challenged for some time, and was firm in his belief the sale was in the company's ... |
| | | | ... association also slammed AMP for failing to seek shareholder approval for the sale of its life insurance business to Resolution Life last year, which caused concern among shareholders together with enduring the financial services Royal Commission and ... |
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