full year 2020 net profit after tax (NPAT) (underlying) reflected the impacts of COVID-19 on financial markets, the economy, and increased operating costs to service clients.
of 2020 market commitments delivered; three-year transformation strategy on track; including sale of AMP Life, upgrades to AMP Bank’s core technology platform and significant advancement of advice reshape.
of cost-out delivered in full year 2020; accelerated cost reduction initiatives in second half 2020 after COVID-19 related investment in first half 2020.
from AMP Life sale proceeds paid to shareholders via a special dividend of 10 cents per share in October 2020.
paid in early release of super to clients in need.
in grants to support COVID-19 impacted charities through AMP Foundation’s emergency grants program.
To AMP, sustainability is our ability to meet the needs of the present without compromising future generations.
Paid $1.8 billion in early release of super to clients in need.
Launched partnership with Good Shepherd to provide free confidential financial counselling to
AMP clients experiencing hardship.
Supported AMP Capital tenants with flexibility of rent payment terms and trading hours.
Rapidly scaled remote working technologies enabling 95% of employees to work flexibly.
Coordinated and delivered key projects including one of the largest successor fund transfers (SFT) in Australian history while working remotely.
Initiated inclusive leadership training for senior leaders – all employee rollout scheduled for 2021.
$2 million in support for COVID-19 impacted charities through emergency grants program from AMP Foundation.
Launched Innovate Reconciliation Action Plan (RAP), building on strong progress since 2019 launch of AMP Capital’s Reflect RAP.
Converted several AMP Capital infrastructure assets to COVID-19 crisis centres and community assessment clinics.
Having regard to the potential health risks associated with large gatherings, the 2021 Annual General Meeting (AGM) was held online on Friday, 30 April 2021 from 10.00am (Sydney time). With over 700,000 shareholders located across Australia and the world, our online AGM provided shareholders the opportunity to participate regardless of their location by utilising technology to view, vote and ask questions.