Who we are & what we do
Who we are
AMP has a long history of helping our customers manage their finances and achieve their goals.
We were founded 170 years ago on a simple yet bold idea: that financial security enabled people to live with dignity. Our founding purpose was captured by the Latin motto: Amicus Certus In Re Incerta – A sure friend in uncertain times. This deep commitment to helping clients continues and is articulated in our purpose statement today – Realise human ambitions.
AMP is a wealth management company with a growing retail banking business and an expanding international investment management business. We provide retail clients with financial advice and superannuation, retirement income, banking and investment products. AMP also provides corporate superannuation products and services for workplace super and self-managed superannuation funds (SMSFs).
For institutional clients we provide investment management services across a range of asset classes, both in Australia and globally.
What we do
Australians and New Zealanders know us best for superannuation, , investments and advice, but we’re growing fast in retail banking in Australia, and internationally with strong partnerships in China and Japan and investments around the world.
- Financial advice
- Retail superannuation
- Corporate superannuation
- Self-managed superannuation funds (SMSFs)
- Banking
- Investment management
Our history
Beginning in 1849 as the Australian Mutual Provident Society, offering life insurance, AMP has evolved over 170 years to be a publicly listed, global wealth manager.
Today, we help millions of people in our home markets of Australia and New Zealand, and around the world, to create and protect their wealth.
Milestones
| 1849 | The Australian Mutual Provident Society opens for business |
| 1860 | Benjamin Short joins AMP as its first agent |
| 1869 | The National Mutual Life Association of Australasia opens for business |
| 1899 | James Tuscon Thompson joins National Mutual as its first agent |
| 1962 | The iconic AMP building in Sydney's Circular Quay is opened by then Prime Minister, Robert Menzies |
| 1995 | National Mutual demutualises and lists on the Australian Stock Exchange |
| 1998 | AMP demutualises and lists on the Australian Stock Exchange. AMP Bank opens for business and the AMP Foundation is formed |
| 2000 | AMP plays a major part in the first Olympics of the new century, supporting the Sydney 2000 Olympic Games, the Paralympic Games and the Olympic Torch Relay |
| 2009 | AMP and China Life Group form strategic partnership |
| 2011 | AMP and AXA Asia Pacific merge. AMP and Mitsubishi UFJ Trust and Banking form strategic partnership |
| 2017 | AMP Capital takes a minority stake in US based real estate investment manager PCCP |
| 2020 | Completed sale of life insurance business (AMP Life) to Resolution Life |
Our business
Through our portfolio of businesses, we offer services and solutions to help our customers, retail and institutional, to realise their ambitions.
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AMP Australia
AMP Australia helps Australians to manage and grow their wealth throughout their lives.
We seek to provide whole-of-wealth services to Australians, taking a holistic view of a client’s needs at every stage of their life, and providing best of breed financial solutions.
Our solutions seek to the address the ‘big five’ financial requirements affecting most Australians – managing cash flows, managing debts, growing assets, enjoying retirement and protecting their family’s future.
During 2019, AMP paid $2.6 billion in retirement payments, helped more than 110,000 Australians with their banking needs and provided over 5,600 new home loans.
During a period of fundamental change in the financial advice industry, AMP remains committed to providing quality advice and solutions that are affordable and accessible for more Australians.
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New Zealand Wealth Management
In New Zealand we provide clients with financial products and services, directly and through a large network of financial advisers.
In 2019, AMP maintained its position as New Zealand’s leading non-bank retirement solutions provider with approximately 9% of the total KiwiSaver market and around 225,000 clients.
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Sold businesses
AMP Limited sold its life insurance business, AMP Life, to Resolution Life, on 30 June 2020 completing a key priority in AMP Limited’s transformation strategy. Importantly, as part of the sale all clients’ terms and conditions remained unchanged. AMP retains a 20 per cent equity stake in Resolution Life Australia.
While AMP no longer sells new AMP insurance products, we continue to advise clients on life insurance as well as provide insurance through our superannuation funds from a range of insurance providers.
Our 2020 - 2022 strategy
We’re looking to reinvent AMP as a company that is client-led, simpler and growth-oriented.
We will:
- exit AMP Life to focus on high growth and high return businesses
- reinvent Wealth Management
- continue to grow AMP Capital and AMP Bank
- simplify the company and reduce cost
- reinvigorate our culture to be more client-focused, entrepreneurial and accountable.
Important information
Products in the Super Directions Fund and the Wealth Personal Superannuation and Pension Fund are issued by N.M. Superannuation Proprietary Limited (N.M. Super) ABN 31 008 428 322 (trustee), which is part of the AMP group (AMP). Before deciding what’s right for you, it’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions available from AMP at amp.com.au or by calling 131 267. Read AMP’s Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
Any advice and information provided is general in nature, hasn’t taken your circumstances into account, and is provided by AWM Services Pty Ltd ABN 15 139 353 496 (AWM Services), which is part of the AMP group (AMP). All information on this website is subject to change without notice.
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About us
AMP Limited provides banking, super and retirement solutions in Australia and New Zealand, supporting over one million customers and employing over 2,300 people. Find out more about who we are and what we do.
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Shareholder centre
Access information on share price, buying and selling shares, ASX announcements in the AMP shareholder centre. Update your shareholder details and view FAQs.
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Corporate governance
AMP is dedicated to upholding high standards of corporate governance. Copies of AMP's key corporate policies and information related to corporate governance can be found through this link.
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Corporate sustainability
As custodians of our customer's money and future, we face complex economic, social and environmental challenges which bring both risks and opportunities to our customers, people and communities.