AMP Ltd - Company Profile
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Business Description
AMP Ltd (AMP) is a wealth management company. It offers a range of banking, retirement income, superannuation, investments, insurance, and other financial advisory services. The company operates in Australia and New Zealand. As of December 31, 2022, the company had AUD149 billion of assets under management. In July 2020, AMP sold its Australian and New Zealand wealth protection and mature businesses to Resolution Life Australia Pty Ltd. As a result, the company will not sell new AMP insurance products but continue to advise clients on life insurance and offers insurance through superannuation funds and various insurance providers.
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Business Segments
- AMP Bank
- Australian Wealth Management
- New Zealand Wealth Management
- AMP Capital Continuing Operations
Overview
Offers deposits, residential mortgages, and transactional banking services. Distributes and markets its products through AMP financial advisers, home loan brokers, and direct sales using online, digital and phone.
Performance
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Overview
Includes three sub segments, platforms, master trust and advice. Platforms offers wrap platform including superannuation, retirement and investment solutions. Master trust offers wealth solutions to retail and corporate members. Advice includes financial advice services and equity investments in practices.
Performance
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Overview
Comprises financial advice, wealth management and distribution business in New Zealand. Provides various wealth management solutions such as KiwiSaver, retail investments, corporate super annuation, general insurance and an investment management platform.
Performance
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Overview
Includes CLAMP, PCCP, and partner investments.
Performance
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