Over 200,000 policies caught up in AMP 'zombie deal' - News Summed Up

Over 200,000 policies caught up in AMP 'zombie deal'


AMP Life policy holders fear they will lose out if a secretive deal to sell their policies to a Bermuda-based 'zombie fund guru' goes ahead. And the most critical one is: Who, if anyone, is looking after the AMP Life customers here? NO CHOICESOne of those AMP policyholders seriously worried about the future of his life insurance cover if Resolution takes over AMP Life is Andrew Body. The head of Resolution Life, Cowdery - now Sir Clive - has 15 years in the business through the three separate Resolution Life companies. However AMP Life's Sydney-based head of corporate affairs Nathalie Kitchen sent a statement:"The separation of AMP Life is on track for completion by June 30.


Source: Stuff February 23, 2020 18:45 UTC



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