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About AMP
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AMP History
In the mid-1800s in New Zealand and Australia, people faced the constant risk of injury and disease. Many people were employed in hazardous occupations and, without today's social welfare or pensions that meant the consequences for families in the event of their breadwinner's death, disability or even old age could be severe. In extreme cases, families were left to beg for their basic necessities.
A small group of concerned community leaders saw the need to provide financial security for people and established the Australian Mutual Provident Society, or AMP. In 1854, AMP began selling life insurance policies in New Zealand.
Since that time we have seen enormous developments in technology, health, and general standards of living. Daily life is nowhere near as brutal and short as it was back then, but we still need to provide for basic needs such as our retirement, and protecting our assets, health, income and family.
Just as we now have more life choices, there is also a greater variety of financial service options and advice available to meet people's different circumstances. After more than 150 years in the community, AMP has evolved from its humble mutual life insurance beginnings into a large organisation that provides personal advice to help you and your family look forward to a more secure and brighter future.
AMP Facts
AMP, (The Australian Mutual Provident Society) started in Sydney, Australia in 1848, to ‘provide financial protection to those in need by sharing financial burdens'. In 1876, the first AMP Centre opened in Wellington, New Zealand.
Today, AMP has over 400,000 customers and over 74,000 shareholders in New Zealand and is listed on the New Zealand and Australian stock exchanges.
AMP's range of products includes life insurance (including crisis, income and disability covers), general insurance, savings and investments, retirement savings (including KiwiSaver) and lending. AMP is New Zealand's largest provider of workplace savings schemes through the New Zealand Retirement Trust, managing more than $1,140,656,980 billion in funds (as at 30 April 2009), and is a default KiwiSaver provider.
AMP Financial Services (AMPFS) looks after the financial needs of our customers and many funds are invested through AMP's sister company, AMP Capital Investors Limited (AMP Capital), a wholesale fund management company. AMP Capital is New Zealand's largest fund manager with around $11 billion of funds under management (as at 31 December 2008) AMPFS also invests funds through other AMP approved fund management companies.
Facts at-a-glance:
AMP has:
• Over 150 years' experience
• Over 400,000 customers in New Zealand
• Approximately 3.4 million customers worldwide
• More than 74,000 New Zealand shareholders
• Around 350 Advisers throughout New Zealand
• More than 450 staff in financial services and asset management in New Zealand
For more information about the benefits of AMP Life, CLICK HERE |
