On 20 April 2018, Craig Meller resigned as CEO after it was revealed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry that AMP charged clients for financial advice which was not provided, and misled the Australian Securities & Investments Commission on numerous occasions.

[4][5] At that time more than $1 billion in market value was stripped from AMP shares as news of the company's failings were revealed before the Royal Commission.

[7] On 31 August 1848, a group of businessmen, including Thomas Holt Jnr, Thomas Sutcliffe Mort, and William Perry, met to form an organisation to provide life assurance to Australians, leading to the establishment of the Australian Mutual Provident Society (AMP).

The company faced challenges educating the public on insurance and annuities, but by April 1851, AMP reached 100 policies.

1976 the Quay Quarter Tower in Sydney, one of the biggest skyscrapers in the city, was initially built as the AMP centre.

Under the statue is AMP Society's Latin motto "Amicus certus in re incerta" ("A certain friend in uncertain times").

[20][21] The first day of the merged group operating together was 31 March 2011, with the companies to be gradually integrated and the AXA brand being phased out of the Australian and New Zealand market by 2013.

[22] On 20 April 2018 Craig Meller resigned as CEO after it was revealed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry that AMP charged clients for financial advice which was not provided, and misled the Australian Securities & Investments Commission on numerous occasions.

[4][5] More than $1 billion in market value was stripped from AMP shares as news of the company's failings were revealed before the Royal Commission.

[23] On 8 May 2018, directors Vanessa Wallace and Holly Kramer announced they would not be seeking re-election, in response to an imminent protest vote organised by the shareholders in the aftermath of the Banking Royal Commission.

[25] In 2019, CEO Francesco De Ferrari launched a billion dollar transformation plan, aiming to recalibrate public opinion on AMP post royal commission.

[26] In July 2021, the Australian Securities & Investments Commission launched a case against AMP in the Federal Court, seeking pecuniary penalties and orders to publish an apology over the 'fee for no service' scandal, where the company would deduct a fee from client's accounts without performing a service.

[32] The company provides financial planning and advice, banking, life insurance, managed funds, superannuation, property, listed assets and infrastructure.