Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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AMP deals knock-out blow to AMP

David Chaplin
Wed, 21 Oct 2020

David Chaplin
Wed, 21 Oct 2020

Bevan Graham

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...

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