AMP UK is being restructured and divided into two main streams which will see all closed book busine...
AMP UK is being restructured and divided into two main streams which will see all closed book business handled by one team and the removal of Tom Fraser from his position of UK managing director. All closed book business from Pearl, London Life and NPI will move to the 'mature' division, including all products sold through the 90:10 fund which closes at the end of 2003. Meanwhile, the 'contemporary' business will shoulder all remaining NPI, Towry Law, Ample and the UK operations of AMP Banking, as well as development of new, open architecture products and platforms, says ceo Andre...
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