Amp Limited (AMP) Share Price

AMP Company Profile

AMP is a leading wealth management company with more than 3.4 million customers and 3,500 employees in Australia and New Zealand.One in six Australians are AMP customers, meaning that almost every Australian barbeque function includes an AMP policy-holder.We offer a wide range of financial products and services including:    * retirement savings and income    * investments    * superannuation    * financial planning    * insurance    * bankingAMP is Australia's largest retail and corporate superannuation provider, and one of the region's most significant  investment managers with more than A$122 billion in assets under management (as at 16 March 2007).We have a market-leading distribution capability with a network of more than 1,900 qualified financial planners.AMP has one of Australia's largest shareholder registers, with more than 880,000 shareholders.Individual investors comprise around 43 per cent of AMP's shareholder base and live in more than 100 countries around the world.Institutional investors constitute around 57 per cent.Established in 1849 as a mutual company, AMP listed on the Australian and New Zealand Stock Exchanges in mid-1998.

Business Overview & Strategy

Our purposeTo help people manage their financial well being to enjoy the future they want.

Our goalOur goal is to be acknowledged as a high-performing company that meets and exceeds our responsibilities to shareholders, customers, planners, employees and the communities in which we operate.

We want to position AMP as Australasia's leading provider of quality financial advice, delivering simple, value-for-money products and superior investment performance. 

Our Strategy For Growth

AMP's transformation from a traditional life insurance business to a modern wealth manager is continuing. The 2005 results show that our strategy of operational excellence is working, with encouraging results in all key performance indicators.AMP holds a strong position in an attractive, high-growth market - the Australian retirement savings market. This is currently the fourth-largest superannuation/pension market in the world, with funds under management of $715 billion.The Australian private sector market is expected to triple in value over the next 10 years, underpinned by mandatory superannuation contributions of nine per cent. It is also expected to be larger than the private sector markets of all Asian countries combined, including Japan, India and China by 2015.However, we are not content to grow at the same pace as the market - we aim to grow faster than that. This is critical if we are to meet our goal of doubling the value of an investment in AMP between mid-2005 and mid-2009.In the immediate future, we expect growth to come through our core business. Our business capabilities and assets that will enable us to compete vigorously in the market include our brand, scale, distribution network, investment capability, culture and efficiency.We will also look for profitable new ways to meet the needs of our customers over the next few years.We want to be acknowledged as a high-performing company and that means delivering high performance for our customers, planners, shareholders and the community over a sustained period of time - not just a couple of years.