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AMP demerger plans delayed

AMP has revealed its demerger plans are to be set back by a few weeks as it needs time to incorporate the FSA&#39s new realistic solvency requirements into the demerger explanatory memorandum.

The Australian insurer was due to lodge the memorandum with the Australian Securities & Investments Commission at the end of the week, but says it will now do so in early October, with details available publicly later that month.

Chief executive Andrew Mohl says AMP is still committed to the demerger and while the timetable is tight believes completion is achievable by the end of the year.

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