Sale of AMP Life to Resolution Life
We approved the sale of AMP Life to Resolution Life in June 2020 in a revised arrangement subject to a number of conditions imposed to protect policyholders.
We reviewed the proposed transaction and consulted with the parties involved over an 18-month period to ensure the deal met our requirements.
The transaction involved a change of control and ownership of AMP Life from AMP Ltd to Resolution Life.
The first document below sets out the new operating model and the main elements of the new structure, and the second document sets out the exemptions and conditions applied to the new operating model.