Attributed to Mike Wilkins, AMP acting CEO:

We acknowledge the Royal Commission’s interim report, which has been released today and want to help restore the community’s trust and confidence in our company and the industry.  

Since April, under the direction of new leadership, AMP has reset our business to accelerate positive changes in culture, governance, regulatory reporting and performance.

AMP is focused on ensuring that adherence to the law, meeting community expectations and the best interests of our customers are fundamental to our culture and governance. We are also committed to ensuring that our ongoing engagement with ASIC and other regulators is forthright and honest.

We are accelerating remediation to ensure affected customers are appropriately compensated as quickly as possible.

We know we have more to do and we are committed to doing it.

The report is extensive and the AMP Board and management are carefully reviewing it in line with the Commission’s processes.