AMP Australia
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AMP Limited provides banking, super, retirement and advice services in Australia and New Zealand, supporting over one million customers and employing approximately 3,000 people.
AMP also operates the award-winning1 North – a technology platform that helps financial advisers meet Australians’ super, pension and investment needs for all their life stages.
We have been helping our customers manage their investments and achieve their financial goals, no matter how small, for more than 170 years. Over the years, we have learned that every customer’s goals are unique – so we can help them make the most of what they have today to create their tomorrow.
We are committed to achieving the best outcomes for our customers and employees, which in turn will drive long-term value for our shareholders. We are focused on repositioning and simplifying AMP Limited as a customer-focused and purpose-led business.
As part of AMP’s commitment to support the financial wellbeing of Australians, the AMP Foundation, AMP’s independently funded philanthropic arm, has invested more than $110 million to help organisations and individuals bring about positive change since its inception in 1992. Source
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Search ArticlesInvestment markets and key developments
It’s hard to see oil prices falling to $60/barrel anytime soon, with the US/Iran war now shifting from military strikes into a new economic phase. US Treasury Secretary Scott Bessent announced “Operation Economic Outcast” (a fancy title for something which is just more Iranian sanctions) with the purpose to increase economic pressure on Iran and bring them back to the negotiating table.
Can Bessent-nomics stop the rise in US yields?
The announcement from the US to combat high yields Last week, US Treasury Secretary Scott Bessent announced an increase in the Treasury’s long-dated buyback program, to $4bn from $2bn. Treasury buybacks are not actually abnormal. They are usually done to replace older bonds and to help with market liquidity. But this operation is much more overt and larger. However, this latest initiative was much more explicit.
What's your retirement personality ? 5 questions to help you picture life after work
The results: What is your retirement personality? For you, retirement is an opportunity to explore what's possible and make the most of your independence. You see this chapter as a chance to explore, travel and experience the things you've spent years putting off. "Retirement may last 10,000 days – roughly 30 years – it's a long time," says Dr Glass.
Investment markets and key developments
In terms of the Fed, the minutes from its last meeting were hawkish with “several” members favouring a hike and “many” members saying a hike would be needed if inflation did not decline.
Why investors need to treat forecasts with caution
Forecasts are regularly surveyed from economists, compiled and published – often at the start of a new year. It is well known that when the consensus (or average) is compared to the actual outcome, it is often wide of the mark.
Investment markets and key developments
On the geopolitical front another issue to watch is the whether the escalation in the Russia/Ukraine war, marked by increasing attacks in Russia, leads to an aggressive Russian response like a “provocation” of NATO. Ukraine has been increasingly successful in bringing the war into Russia by attacking its energy industry and more than 20 Wildberries warehouses (which is similar to Amazon) to deprive it of export revenue and bring the war home to ordinary Russians.
What is really behind the AI boom?
These days, when you say the word “technology boom” most people think of their favourite AI chatbot like ChatGPT, Microsoft Copilot or data centres. However, in reality, the tech boom is so much more than this. Behind every AI chatbot, cloud platform or smartphone there is a big network of companies providing semiconductor chips, equipment, software or infrastructure that is powering the technology boom.
The super cycle bear market in bonds and the return of “bond vigilantes”
Bonds 101 - how bonds work But first a quick refresher on how bonds work. Governments issue bondsto finance their budget deficits and companies issue bonds as a way to borrow to finance investment (as an alternative to borrowing from a bank). Since discussion of bond yields usually refers to government bonds we will focus on them, but the principles regarding their pricing and yields are the same.
Investment markets and key developments
The combination of high and rising oil prices, ongoing pressure on central banks to raise rates, a rising trend in bond yields and worries about an AI bubble amidst stretched valuations leaves shares at high risk of another correction as we come into the seasonally weak months of August and September. Of course, just as Australian shares didn’t get much benefit on the way up in the AI boom they may not fall as much if and when it does really start to unwind.
The economics of happiness – why it’s been falling & what to do about it?
Key points Despite rising GDP per person, measures of happiness have been flat to falling in western countries including Australia. Key drivers are likely to be rising expectations, the rise of social media and falling housing affordability. It may be driving the rise of extreme political parties.