News Life and Health16 Jul 2019

New Zealand:RBNZ's ringfencing requirement sinks planned sale of AMP Life

16 Jul 2019

Wealth management company AMP yesterday advised that the proposed sale of AMP Life (the Australian and New Zealand wealth protection and mature businesses) to UK-based Resolution Life is highly unlikely to proceed on the current terms due to the challenges in meeting a condition laid down by the Reserve Bank of New Zealand (RBNZ).

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