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.
An industry body has raised questions around whether experts engaged by AFCA to assist in case determinations against advisers are appropriately quali...
A listed dealer group has announced that one of its member firms will merge with a Brisbane practice under a new rebranded wealth offering. ...
APRA has approved IOOF’s acquisition of MLC’s NULIS Nominees in a decision that will create one of the largest wealth managers in Australia. ...
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