Amp outlines multi-tie strategy

Australian financial services giant AMP today unveiled its latest strategic vision for pushing its business forward worldwide, including changes to the way it does business in the UK in response to the reviews and regulatory moves being proposed, such as CP121. Managing director Tom Fraser has identified costs and distribution as key issues that need to be handled in the face of industry consolidation, changes to the market, and the pattern of life companies buying distribution. Looking ahead, Fraser said there would be further consolidations, fewer IFAs, a rise in the importanc...