THE STRUGGLING Australian insurer AMP is to close its UK life insurer NPI to new business, writes th...
THE STRUGGLING Australian insurer AMP is to close its UK life insurer NPI to new business, writes the Telegraph. The move marks a capitulation by AMP in its attempt to sell NPI and several other businesses after announcing last month plans to demerge its UK operations as a separate company called Henderson. This new business would include fund manager Henderson, and UK life insurance businesses Pearl, NPI and London Life as well as IFA Towry Law, Ample, the internet portal, and half of Virgin Direct. At the same time as AMP announced the demerger, it also said it was in...
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