Insurance

Regulatory change needed, or halt to AMP Life sale, policyholder says

Monday 29th of June 2020

Last week, the Reserve Bank approved the sale in a revised arrangement. It followed an 18-month review process.

Once sold, AMP Life will be in “run-off” and no new policies will be written.

“A bespoke trust model has been established that ensures supervisory objectives are better met, future industry dynamics are generally more positive, and there is additional...

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