AMP has received regulatory approval for the sale of its life insurance business.
The transaction is expected to wrap up after the market closes on 30 June.
AMP has said it will provide an update to the market on 1 July.
The sale to Resolution Life was declared in 2018, initially for $3.3 billion, but it hit a roadblock last year.
The group dropped its plans to divest its New Zealand wealth business in May.
Financial advisers won’t get any relief from the $20 million sub-sector cap, however the revised estimate for the ...
The corporate regulator said it is “considering what options” it has to hold super trustees, such as Macquarie and ...
In what Wealth Data has described as a “bloodbath”, adviser losses for the end of June have come in 143 per cent higher ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin