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Showing 1 - 10 of 101 results for "Wealth Protection"

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... of the AMP Life retail portfolio in 2017. This enabled AMP to release around $500 million in capital from its wealth protection business. At the time, former AMP chief executive Craig Meller noted that reinsurance strategies were crucial to improving ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians. PEP is investing in a financing layer of Household Capital's funding structure, alongside ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... 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, AMP also took a minority state in Resolution Life Australia. At the time Resolution Life ...

Deutsche Bank appoints local head

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... advisory offering in Australia." Last year, the team advised on Resolution Life's $3 billion acquisition of AMP's wealth protection and mature businesses, and Vodafone's $15 billion merger with TPG among other transactions. "Australia has always been ...

Two Sydney advice firms merge

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... Francis and has grown to be a full-service business providing a range of wealth creation, wealth management and wealth protection services. Principle Advisers was started in 2014 by Malcolm Greentree with the aim of building a business that provided ...

Zurich rejigs operations team

KARREN VERGARA  |  MONDAY, 24 AUG 2020
... underwriting approaches across the Zurich and OnePath retail portfolios are distinctly different: Zurich's range of Wealth Protection, Active and Sumo, and OnePath's OneCare. Also taking the newly-created role of chief claims officer is Joanne ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
... saying it has completed phase one of simplification in parallel with the completion of Australia and New Zealand wealth protection and mature business transactions. AMP also announced it has entered into an agreement to repurchase MUTB's 15% shareholding ...

AZ NGA makes 64th acquisition

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... (AZ NGA) has acquired a material interest in a risk advice business with offices in Sydney and Brisbane. Certe Wealth Protection is a specialist risk insurance advice business that currently employs four advisers and seven support staff. It has approximately ...

Moody's downgrades AMP

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 MAR 2020
... financial strength rating was downgraded to reflect the weaker profitability and elevated product risk of the wealth protection business as well as the expectation of a weaker market position going forward, after AMP Life is sold to Resolution Life. ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
ASIC commenced civil proceedings against a former authorised representative of AMP accused of operating an unregistered managed investment scheme and using investor funds for themselves. The corporate regulator has taken action against former financial ...
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