AMP Sale/Media Release
Montage email sent to clients:
You may have seen in the news that AMP Australia and New Zealand have sold their personal insurance business to Resolution Life, a UK insurance group (subject to regulatory approvals). It has also announced its intention to seek divestment of its investment business via an IPO later in 2019.
We want to reassure you that:
Terms and conditions of all existing personal insurance policies will be retained
There are no changes to any AMP investments you may have, including KiwiSaver
There are no changes if you have an AMP branded general insurance product
Finally, it is not unusual for large corporates (including insurance companies) to merge or be acquired. We remain your advice provider and therefore from your/our perspective, it is business as usual.
For more information please visit www.amp.co.nz/changes.
Bill O'Brien CFPCM CLUCM AFA
Adviser / Director
AMP Media Release - 25th October 2018