It currently employs 1,000 people and manages $55 billion in funds for its 1.5 million[1] customers.
[3] The company was created by AMP Limited and is now owned by Resolution Life Australia, which in turn is part of the Bermuda-registered holding company, Resolution Life Group Holdings Ltd.[4][5] AMP holds a 20% stake in the new company[6] as the AMP leadership sees the ongoing relationship as being one of partnership.
[7] The new business is being supported by AMP for a two-year period and all services commitments to customers remain unchanged.
[2] Life insurance was the very first financial product offered to customers by AMP in 1849.
[10] All policies made with AMP have continued to be honoured, as have services to customers and advisers.