Our New Strategy Re-Pivots the Business to Be Client Led, Says AMP’s CEO

The transcript covers AMP's recent share suspension and new strategic direction, including a capital raise and plans to sell its life insurance business. It also discusses breaking news about Joseph McGuire being named acting intelligence director. AMP's CEO addresses challenges in wealth management, share price concerns, and potential acquisition risks. The company outlines its dividend policy, investor outflows, and cost-cutting measures. Finally, strategies for navigating a low yield environment are discussed.

What was the discount percentage on the new issue of shares?

• 7.5%

• 12.5%

• 10%

• 5%

Who was named as the acting intelligence director by President Trump?

• Michael Flynn

• Dan Coats

• Sue Gordon

• Joseph McGuire

What is AMP's new strategy focused on?

• Expanding globally

• Increasing dividends

• Client-led wealth management

• Reducing workforce

How long is AMP's plan to fix the advice business expected to take?

• 1 year

• 5 years

• 3 years

• 2 years

What is one of the key strategies AMP is using to return value to shareholders?

• Hiring more staff

• Reducing cost base

• Expanding insurance business

• Increasing dividends

How does a low yield environment benefit AMP's business?

• Boosts real assets business

• Reduces operational costs

• Enhances stock market performance

• Increases insurance premiums

What is AMP's approach to dealing with the challenges of a low yield environment?

• Increasing marketing efforts

• Expanding into new markets

• Focusing on real assets and better advice

• Investing in technology