Who is... AMP

Not sure which institution to do business with? It might be time to read up on a few. Here Money Buddy takes a look at The Australian Mutual Provident Society, commonly referred to as AMP.

The Australian Mutual Provident Society formed in 1849 as a non-profit friendly society. In 1998 it was de-mutualised and listed as a public company on the Australian and New Zealand stock exchanges. When the society de-mutualised, policy holders received shares in the resulting company, giving it with one of the largest shareholder registers in Australia.

AMP has more than 3.4 million customers in Australia and New Zealand and more than $110 billion in assets. A major aspect of AMP’s business are the interests that AMP Capital Investors have in the AMP Capital Shopping Centres in Australia and New Zealand.

AMP products and services

Primarily a wealth management company, AMP is a popular provider of superannuation packages in Australia, and made a recent announcement about sixteen strategies to maximise customers' super benefits. On top of this, the company offers retirement income services and a wide a range of investment options. AMP also provides advice and help with insurance of different sorts, while financial planning and managed funds are also covered. Although not that widely known for them, the company now offers a range of services more traditionally provided by the big banks. These include home loans, credit cards and different types of savings accounts.

Contact AMP

www.amp.com.au

Level 24,
AMP Building,
33 Alfred Street,
Sydney, NSW 2000

Phone: (02) 9257 5000
Fax: (02) 9257 7178