Our strategy

2019 was a year of fundamental reset for our company. The three-year strategy we have outlined will transform AMP into a client-led, higher growth and higher return business. The heart of our new strategy is the prioritisation of our clients.

Recognising the substantial disruption in the wealth management industry, our new strategy aims to meet the growing advice needs of Australians, on their own terms. Our commitment to advice means AMP is uniquely positioned to develop whole-of-wealth client offers, encompassing wealth management, banking and advice.

In our investment management business AMP Capital, we will continue to invest to expand our global footprint through expertise in infrastructure and real estate investments, as well as growing our solutions in public markets. In our banking business, AMP Bank, the focus will be on growing through a broader mix of channels and seeking opportunities for closer integration of banking and wealth offers.

We are also simplifying our portfolio of businesses. The sale of AMP Life is progressing and expected to be complete by 30 June 2020. We are also exploring options to divest our New Zealand wealth management business.

To ensure the success of this strategy, we are making targeted investments. We’ve announced a program to invest between $1 billion and $1.3 billion over the next three years, focused on growth, cost improvement and de-risking the business. This includes $350 million to $450 million to create a leaner, simpler business, and $300 million to $400 million to restructure our advice network and simplify our superannuation business.

In moving to the implementation phase of our strategy, in 2020 we will focus on key drivers of value: simplifying our portfolio; reinventing wealth management in Australia; continuing to grow our successful asset management franchise; and creating a simpler, leaner business. We have outlined 10 strategic priorities against these drivers.

2020 strategic priorities
2020 AMP AGM
Ask a question of the AMP Limited Board
Thank You! Your message has been sent and we will be in contact shortly.
There was an error sending your message, please check the form and try again.