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AMP to offload NPI and Ample

AMP is putting NPI and Ample up for sale and looking at floating the rest of its UK business on the London Stock Exchange under the Henderson brand. The move will effectively see AMP disengaging from the UK market.

Hargreaves Lansdown pensions research manager Ton McPhail says: “AMP says it will be de-risking its with-profits fund. This will result in the equity exposure on the NPI with-profits fund being largely eliminated and the equity exposure of the Pearl fund being reduced to very low levels.”

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