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Showing 1 - 10 of 111 results for "AMP Life"

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... Re in April 2023. The proceedings regard the manner in which both Munich Re and Resolution Life Australasia (formerly AMP Life and also named as a defendant) entered into certain reinsurance agreements in 2016 and 2017. Allegations suggested that AMP ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... April 2023. Central to the proceedings is the manner in which both Munich Re and Resolution Life Australasia (formerly AMP Life and also named as a defendant) entered into certain reinsurance agreements in 2016 and 2017. Allegations suggest that AMP ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP Superannuation, and NM Superannuation - breached the law. However, only AMP Life ($18m) and AMPFP ...

Equity Trustees names super head

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... acquisition of Zurich Australian Super and trustee appointments to AIA (Comminsure) in 2019, followed by HUB24 Super Fund and AMP Life super funds in 2020," O'Brien said. "Andrew inherits a capable and strong leadership team, excellent clients, and clear ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... transfer and marks Resolution Life's first acquisition since entering the local market through its acquisition of AMP Life Resolution Life said the acquisition will add significant scale benefits, while boosting its funds under management and administration ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial Planning, Hillross Financial Services and AMP Life, which has since been acquired by Resolution Life. All five companies admitted to the misconduct. Breaking the penalty ...

Resolution Life appoints new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... Australasia," Resolution Life Group founder and executive chair Sir Clive Cowdery said. Beer was named chief executive of AMP Life in January 2019, shortly after AMP announced the sale agreement with Resolution Life. The sale was delayed for some time ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... adjustments and unspecified claims between the two parties. Resolution Life initially made its $3 billion acquisition of AMP Life in 2020. The agreement saw Resolution Life acquire AMP's mature and wealth protection business. Under this agreement ...

Resolution Life builds out Australasian leadership

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... was previously chief human resources officer and chief of staff and joined the business as part of the acquisition of AMP Life. "I am delighted to announce Paul in the chief customer and operating officer role. Paul has made an incredible impact over ...

HESTA pushes forward with internalisation

ELIZABETH MCARTHUR  |  THURSDAY, 17 MAR 2022
... assets. After 10 years at Vanguard, Stephen Howard joined as general manager, defensives with HESTA last year. And former AMP Life chief investment officer Jeff Brunton was appointed head of portfolio management. "It is a competitive market. I think ...
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