UPDATE: RBNZ kyboshes AMP's A$3.3 bln life business sale

Mon, 15 Jul 2019

(Updates with share price details in the 7th par and adds details of investor expectations in second and third to last pars.) By Jenny Ruth July 15 (BusinessDesk) - New Zealand’s Reserve Bank has put a spanner in the works of AMP’s proposed A$3.3 billion sale of its Australian and New Zealand life and other wealth protection businesses to British-based Resolution Life Group. That’s because the New Zealand insurance company prudential regulator is insisting that Resolution Life must agree to have separate, ring-fenced assets held in New...

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