We are proud to be one of Australia’s leading wealth managers. Through our portfolio of businesses, we offer services and solutions to help our customers achieve their goals and own a better tomorrow.
Australian Wealth Management
We help our customers to save for, and to live well in retirement, with our retail and workplace superannuation products, self-managed superannuation funds services, as well as retirement income solutions and investments for individuals. Our superannuation business paid out $2.5 billion in retirement payments (including mature payments) in Australia in 2018. In a period of rapid transformation for the industry, AMP is committed to providing quality financial advice through our national network of advisers, ensuring Australians continue to have access to advice.
AMP Bank provides customers with residential and investment property home loans, deposit and transaction accounts and SMSF products. We also provide loans to AMP-aligned financial advice practices. We empower our customers to access AMP Bank products via a variety of channels including digital and online, phone, and through AMP financial advisers and home loan brokers. In 2018, we helped around 100,000 Australians with their banking needs.
We manage investments in equities, fixed income, diversified, multi-manager and multi-asset funds on behalf of clients around the world. In 2018, AMP Capital also managed real estate and infrastructure assets including shopping centres, airports, trains and pipelines, with $20.3 billion in infrastructure investments managed on behalf of funds and clients. In Asia, we have strong partnerships with two of the leading financial services groups, MUFG: Trust Bank of Japan and China Life. Our partnership with PCCP, a US-based real estate investment manager, provides a strong opportunity towards meeting our growth ambitions overseas and in new markets. At the end of 2018, AMP Capital managed $29 billion for international investors, including $17.3 billion for 302 direct international institutional clients.
In August 2019, AMP announced an agreement to sell its Australian and New Zealand wealth protection and mature businesses to Resolution Life, with a completion date in the first half of 2020.
New Zealand Wealth Management
In New Zealand we provide customers with financial products and services, directly and through one of the largest networks of financial advisers in the country. In 2018, AMP was the fourth-largest KiwiSaver Scheme provider with 10% of the total KiwiSaver market and approximately 225,000 customers.