AMP reports strong managed portfolio inflows

Mike Taylor

Managing Editor and Publisher

16 April 2026

AMP Limited has used its quarterly update to the Australian Securities Exchange (ASX) today to point to strong inflows in its managed portfolios with Assets Under Management increasing to $25.4 billion.

In his first quarterly update as chief executive, Blair Vernon stressed that accelerating organic growth in AMP’s wealth businesses was one of his top priorities.

“The continued improvement in cashflows across Platforms and Superannuation & Investments demonstrates the momentum that we have,” he said.

Looking at the individual business unit results, the centrality of the North platform became clear with the allied importance of managed portfolios.

The analysis said that where managed portfolios were concerned during the quarter, inflows had been partly offset by market movements.

It said a total of 119 portfolios had been added the platform across 2025, brging the total to 597 portfolios on North.

The AMP commentary said the firm is continuing to roll out a number of changes and enhancements to the North proposition, including updated pricing of cash investment fees on the platform with effect from May.

It said that while the working cash account fee will increase to 140bps, a new Cash Investment Option has been introduced at 35bps, with the mix between the options expected to evolve over time.

“These changes are designed to ensure we maintain a competitive offer for advisers and clients, and support ongoing operational leverage,” it said.