Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash

 

 

 
Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and revealed its funds were hemorrhaging cash as clients pulled out their money in response to revelations of systemic wrongdoing. Investors …

from News – Insurance Journal https://ift.tt/2EWgUxt
via IFTTT