KiwiSaver

AMP's NZ wealth management doubles KiwiSaver net cashflows

Monday 14th of August 2023

The NZ business contributed a stable A$17 million net profit to its Australian parent's A$261 million result for the six months ended June.

However, its result in New Zealand dollars eased to $18 million from $19 million in the previous first half.

The parent says distribution revenue was higher and offset the impact of lower assets-under-management (AUM)-based revenue.

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