AMP completes NZ delisting
AMP has become solely listed on the Australian Securities Exchange (ASX) as of today, having delisted from the New Zealand stock exchange on Friday.
The company announced its intention to delist from the New Zealand Exchange in December, last year, with the result that as of today its New Zealand shareholders have been transferred to the Australian share register.
The company said that as of today (Monday) it will be consolidating to a sole listing in Australia.
The company in 2018 and 2019 canvassed plans to divest its New Zealand business with the AMP Wealth Management business being viewed as largely stand-alone, however it has subsequently opted to grow the business while continuing “to drive localisation and efficiencies with the business”.
The company will release its full-year results this week.
And then they get to wrap their members into their own inhouse retirement products such as a lifetime annuity, invested…
Regulatory Capture Corruption from ASIC & Industry Super Funds is ever increasing.
Yawn, more divisive, gender driven, taxpayer funded, university "research".
You missed "profit sharing" which is how ASIC described the commissions industry super funds receive from the life insurance companies.
Or more simply - they are attempting to create two different playing fields with two different sets of rules. Don't…