AMP still reviewing its asset ownership

AMP Limited is signalling that it is not necessarily done selling its business assets.

The company has told a Sydney investment conference that it is continuing to “review its portfolio of assets to ensure AMP is the right owner”.

The company did not specify which assets are under consideration but an examination of its presentation to yesterday’s UBS Australasia Conference was revealing for the business segments it chose not to mention such as its AMP SuperConcepts self-managed superannuation fund (SMSF) business.

Its conference presentation yesterday, the company referenced the following profile following its completion of the sale of Collimate Capital (AMP Capital) – AMP Bank, Master Trust, Platforms, Advice, New Zealand and its strategic partnerships in China and the US.

It then went on to outline its focus through the second half of 2022 being the recently-announced launch of its retirement solution, MyNorth Lifetime, its increased distribution into the independent financial adviser market and growing revenue from managed portfolio and multi-asset products.

The presentation also referenced the simplification of legacy wrap products and the simplification and repositioning of investment menus and prices.