AMP Life
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 $1.099 billion in funds (as at 1 September 2007), and is a default KiwiSaver provider.
