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AMP NZ Wealth implements 'significant fee reduction'

The local wealth business lifted first-half profits as costs fall.

The New Zealand wealth management arm of trans-Tasman financial services company AMP has lifted its first-half net profit even after a significant reduction in fees for customers.

AMP today reported a 57% increase in net profit after tax for the six months ended June 30, to A$181 million.

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Hamish McNicol Thu, 12 Aug 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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AMP NZ Wealth implements 'significant fee reduction'
General Business,
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