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Showing 1 - 10 of 95 results for "AMP Life"

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... AMP between May 2015 and August 2019. These include AMP Superannuation Limited; NM Superannuation Proprietary Limited; AMP Life Limited, AMP Financial Planning Proprietary Limited; AMP Services Limited. AMP Life was part of AMP when the conduct occurred ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
... Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed in collaboration with AIA Australia, AMP Life, BT Life Insurance, ClearView, MLC Life Insurance, TAL and Zurich, who collectively hold 95% of written premiums, along ...

Equity Trustees wins super trustee mandate

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
Equity Trustees has been appointed as the superannuation trustee of a $400 million master trust. The Aracon Superannuation Fund will use Equity Trustees Superannuation Limited as its independent trustee. Aracon is a master plan whose sub-plans include ...

AMP extends life insurance APL

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 NOV 2020
... insurers not on the APL will not be impacted by the changes, AMP said. The move comes after the $3.3 billion sale of AMP Life to Resolution Life .

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
Some retail AMP Life customers received a steep premium increase on their income protection policies recently. Customers in a legacy product from the life insurer were notified by letter or email that following a review of premiums, they would be paying ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... subsidiary AMP Capital lost $1.1 billion as a result of client redemptions and "run-off of legacy business" related to AMP Life. Average assets under management reduced to $189.8 billion from $191.9 billion in June 2020. ESSSuper , Legalsuper and QSuper ...

AMP flags redundancies

KARREN VERGARA  |  THURSDAY, 1 OCT 2020
... Francesco De Ferrari said he is sticking to his three-year strategy to turnaround the business. This started with offloading AMP Life to Resolution Life in order to simplify its superannuation business. De Ferrari is also reshaping the advice network ...

S&P downgrades AMP

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
... S&P left AMP Bank's credit rating unchanged at BBB+. The June ratings changes were in part in response to the sale of AMP Life.

AMP reviews business units

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... deliver long-term value to shareholders. "As updated at the 1H20 results, following the successful completion of the AMP Life sale, AMP is making significant progress in driving its strategy - reinventing wealth management in Australia, growing its asset ...

EQT swells revenue by 3.2%

KANIKA SOOD  |  WEDNESDAY, 19 AUG 2020
... trustee business. The latter segment also picked up contracts with River and Mercantile Funds and Partners Group in FY20. AMP Life and HUB24 mandates were post June 30 and are not included in the $101 billion number. Giving guidance, EQT said the five ...
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