AMP flags growth
AMP has used an investor road show to claim that superannuation is now the flagship product in the financial services sector, with AMP having leading positions in two of the three key superannuation channels — employers, planners and accountants.
It said AMP had built a strong position in the employer channel, boasting the highest growth and, therefore, market leadership and that its aligned planner model had been highly productive.
The AMP analysis also predicted that the Australian private pension market was expected to triple over the next 10 years to be worth $3,744 billion in 2015, exceeding the size of the total Asian private pension market.
Looking over the horizon, the company said it believed it had a powerful platform for growth in circumstances where industry growth expects to be buoyed by the simpler superannuation reforms.
It said it believed there was a broad basis to grow via retail superannuation, corporate super, retirement income products, risk insurance, retail and institutional funds.
AUTHOR
Mike Taylor
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