Search ResultsShowing 1 - 10 of 11 results for "Resolution Life"
AMP announces new strategy, capital raise
JAMIE WILLIAMSON  |  THURSDAY, 8 AUG 2019
... 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 Life sale blocked
JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
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 ...
AMP Life appoints temporary investment chief
KANIKA SOOD  |  MONDAY, 1 JUL 2019
... 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. ...
AMP leaks $1.8bn, names new CFO
HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
... 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 ...
ASA to vote against AMP remuneration
HARRISON WORLEY  |  FRIDAY, 26 APR 2019
... 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 ...
AMP announces board changes
ELIZABETH MCARTHUR  |  MONDAY, 8 APR 2019
AMP announced a new appointment to its board as the sale of AMP Life to Resolution Life is completed. Debra Hazelton will join the AMP board as non-executive director from June 15. Trevor Matthews will remain on the AMP Life board as an AMP nominee ...
Ferrari restructures AMP wealth leadership
HARRISON WORLEY  |  THURSDAY, 7 FEB 2019
... targeted. The wealth manger also appointed Megan Beer to lead AMP Life as it separates from the firm and transfers to Resolution Life. Beer will then link with Resolution as chief executive of AMP Life and head of Resolution's Australasia region. AMP ...
AMP profits nose dive, dividends hit
KANIKA SOOD  |  FRIDAY, 25 JAN 2019
... advice) and a net operating loss of around $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 ...
Financial Standard unwrapped: Our top stories in 2018
HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... wealth manager did not require the approval of shareholders to sell its life and wealth protection unit to UK firm Resolution Life. Looking for Royal Commission stories? See our top 10 here. Corporate and industry super funds unite November brought another ...
ASX dismisses concern over AMP sale
HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... confirmed AMP was not required to seek shareholder approval to sell its wealth protection businesses to UK firm Resolution Life. The $3.3 billion sale includes the wealth manager's life insurance business. According to the ASX, AMP's planned wealth protection ...
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