Opinion

AMP deals knock-out blow to AMP

David Chaplin
Wed, 21 Oct 2020

AMP deals knock-out blow to AMP
Bevan Graham
David Chaplin
Wed, 21 Oct 2020
Just like that, AMP Capital NZ stands to lose the title as the country’s second-largest fund manager in its weight division.Following a stinging slap this week from sister company, AMP Wealth NZ, AMP Capital will ultimately see upwards of $9 billion float away in a winner-takes-all decision awarded to the world’s biggest fund manager, BlackRock.Under the move announced yesterday, AMP Wealth will transfer most of its roughly $9.6 billion of KiwiSaver and employer superannuation money to BlackRock-managed passive investment strategies...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
Positive earnings lift NZ sharemarket
Dan Brunskill | Fri, 20 May 2022

The NZ market was one of the few climbing markets as investors in other parts of the world worried about the risk of a global recession.

Law & Regulation
Unlawful collection of Companies Office fees fixed under urgency
Ian Llewellyn | Fri, 20 May 2022

The Companies Office's administration of fees may have saved costs, but the problem is it was against the law.

Markets FREE
Brian Gaynor: legacy of a towering financial figure
Brenda Ward | Fri, 20 May 2022

At his funeral in Auckland, family, friends and colleagues of Brian Gaynor recalled a passionate man who had the confidence and courage to back his sometimes controversial opinions.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.