AMP has sent a clear signal with its move to raise $650 million of capital that,at face value,they don’t actually need.
Life insurance is meant to be boring. Exposing one bank’s refusal to pay legitimate claims was anything but.
Some shareholders want troubled wealth manager AMP to hang on to its life insurance assets after a bungled sale attempt. That would be a mistake.
The appearance of Resolution Life boss Sir Clive Cowdery in Australia has raised questions about the status of AMP's scuppered deal with the UK insurance giant.
They remain financially strong and stable,with robust protection in place for customers
New laws being considered by parliament build on the reforms that started on July 1 to protect super fund members from paying for insurance they don't need
The watchdog is moving ahead of broader government reform to stop damaging sales tactics.
One of AMP's biggest shareholders has signalled it would be opposed to AMP slashing the asking price of its life business in a bid to get a deal away.
AMP could be forced to renegotiate the deal from a weaker position than when it agreed the terms last year.
Embattled wealth giant AMP has suffered another blow after revealing the controversial $3.3 billion sale of its life insurance arm was unlikely to proceed
New rules that took effect on July 1 mean that life insurers will no longer be able to ask applicants for the results of genetic testing they may have had.