But AMP warned it will book a loss of around $30m from the sale of its Advice business over the coming six months. Ms George said the move would allow the advice business to return to ...

AMP said it will continue to retain salaried planners who deliver intra-fund advice for AMP superannuation members within its superannuation and investment business. The transaction is due to complete ...

AMP chief executive Alexis George promised her new ownership structure for the financial advice business would arrest years of losses and put the simplified group on track for better returns.

This helped to offset a sizeable decline in AMP Bank profits and a loss from the Advice business. In light of its profit growth, the AMP board elected to declare a 20% franked interim dividend of ...

Ameriprise Financial, Inc. (AMP), valued at $48 billion by market cap, is a leading diversified financial services firm ...

The advice business is also looking to move to a staggered transition to a fixed-remuneration model for financial advice. AMP has moved to a fee-for-service model for wealth management and advice ...