Articles tagged with 'AMP Life'

The sad saga of AMP Capital continues

6 October 2022 - AMP Capital which was once one of New Zealand’s largest managers is about to essentially shut up shop.

Former AIA chief heads up Resolution Life

1 July 2022 - Resolution Life gets a new general manager.

AMP Life exits life insurance for good

5 November 2021 - AMP will sell its remaining interest in Resolution Life Australasia for AU$524 million, completely severing its ties to life insurance after more than 100 years in the business.

Ares U-turn on AMP buyout

12 February 2021 - Global asset management company Ares have pulled out of their proposal to buy AMP.

AMP receive buyout offer from US investment company

30 October 2020 - AMP have announced that they have received an offer for 100% share buyout from US investment management firm Ares.

AMP Capital appoints new fixed income analyst

9 September 2020 - AMP Capital today announce appointment of new fixed income analyst Supriya Edwards.

AMP reports profit drop amid 'solid' result

14 August 2020 - AMP Wealth Management has reported a 16% profit drop in the first half of its 2020 financial year, which it said was due to the proactive closure of two legacy schemes, the conclusion of cost-sharing arrangements with AMP Life and the impacts of Covid-19.

Sale of AMP Life an absolute travesty

3 July 2020 - Parliament’s Finance and Expenditure Committee has been told that the way the sale of AMP Life has been handled is an “absolute travesty”.

AMP Life deal is done

1 July 2020 - AMP Limited says it has completed the sale of its life insurance business, AMP Life, to Resolution Life for A$3 billion (NZ$3.19 billion).

AMP Life rating affirmed after sale

30 June 2020 - S&P Global Ratings has affirmed its A- rating on AMP Life after completion of its sale to Resolution Life Group Holdings Ltd.

Regulatory change needed, or halt to AMP Life sale, policyholder says

29 June 2020 - An AMP Life policyholder says the sale to Resolution Life should be stopped if regulation cannot be changed to provide more protection for its customers.

All clear for AMP Life sale

23 June 2020 - AMP says the sale of AMP Life to Resolution Life has received all regulatory approvals, however the Reserve Bank has added a number of conditions on the sale.

AMP puts stop to wealth management sale plans

8 May 2020 - AMP has told the NZX that it has ceased plans to divest its New Zealand wealth management business, following the economic and financial markets disruption caused by the Covid-19 pandemic.

What life insurers are offering your customers under Covid 19

15 April 2020 - Strategy Financial has provided a checklist, and comment, on the support offered by the various LIFE insurers for customers experiencing financial hardship due to Covid 19.  

RBNZ can't say if or when it may approve AMP Life sale

19 March 2020 - The Reserve Bank said it won't approve AMP Life's sale of its New Zealand life insurance business if it is "not comfortable" with it and said it can't provide a time frame for a decision.

Nothing to worry about AMP Life says

24 February 2020 - AMP Life executive general manager Thérèse Singleton has told advisers there is nothing to worry about with the proposed sale of the business to Resolution Life.

[The Wrap] Regulators need to be wary of AMP Life deal

21 February 2020 - One of the biggest deals in New Zealand’s financial services industry is going on largely unnoticed at the moment; arguably because there is so much other change going on at present. It’s time the spotlight was put on the deal.

Lapse rates up; profit down at AMP Life

17 February 2020 - AMP Life’s profit has halved in the 12 months to December 31.

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