AMP Limited (ASX: AMP) is one of Australia and New Zealand’s leading wealth management, superannuation, and banking groups, serving over one million customers across retail, corporate, and institutional markets. Through its businesses in advice, investments, platforms, and banking, AMP provides integrated financial services designed to help individuals and businesses build wealth and achieve long-term financial security.
In its Third Quarter 2025 Cashflows and Business Update, AMP reported a solid quarter characterised by growth in its investment platforms, improved superannuation retention, and disciplined banking performance. The company’s total assets under management (AUM) rose to $159.5 billion, up 3.6% from the previous quarter, reflecting positive market conditions and sustained inflows across its key divisions.
AMP’s Platforms division continued to perform strongly, with net cashflows increasing 61.6% year-on-year to $1.2 billion. Assets under management grew to $86.9 billion, driven by sustained adviser engagement and strong market returns.
The company’s flagship North Platform remains the primary growth engine, supported by its expanding range of investment solutions. The North Managed Portfolios business reached $23.8 billion in AUM, while AMP’s innovative MyNorth Lifetime retirement solution grew to $579 million, up from $465 million in the previous quarter.
AMP’s focus on digital capability and advice enablement continued to underpin its competitive advantage. The recently launched “Grow” feature allows financial advisers to blend investment options across menus, simplifying portfolio management for clients and enhancing the flexibility of AMP’s digital advice experience.
AMP’s Superannuation & Investments segment delivered improved results, with net cash outflows reducing by nearly 28% year-on-year to $241 million. Total AUM rose to $60.5 billion, up from $58.5 billion in the June quarter, supported by market appreciation and improved member retention initiatives.
The company continues to strengthen its super proposition through digital advice journeys, the rollout of AMP Lifetime Super, and the AMP Super Rewards program, launched in partnership with Citro. This initiative allows members to earn cashback rewards that are automatically contributed to their superannuation, enhancing long-term savings outcomes.
AMP’s New Zealand Wealth Management business reported net cashflows of $64 million, compared with $90 million in the same quarter last year. Assets under management remained stable at $12.2 billion, supported by steady KiwiSaver contributions and growth in managed funds.
While market volatility and a weaker New Zealand dollar impacted results, AMP saw increased inflows into its Managed Funds and new Term Deposits, reflecting strong local demand for diversified investment products.
In its banking division, AMP Bank continued to manage growth prudently while expanding digital capabilities. The total loan book increased to $23.8 billion, up from $23.5 billion in the prior quarter, while deposits rose to $20.8 billion.
AMP Bank also launched a new Lender Platform for mortgage brokers, a first in the Australian market, designed to improve credit decision speed, reduce rework, and enhance customer experience.
Meanwhile, the company’s digital banking arm, AMP Bank GO, continues to expand its product suite. Savings accounts were launched in July 2025, followed by joint accounts in October, targeting both small-business and personal customers. Marketing efforts for
AMP Bank GO are currently underway, with strong early engagement across key markets.
During the quarter, AMP announced the settlement of the Superannuation class action for $120 million, of which the company will contribute approximately $75 million, with the remainder covered by insurance. The settlement remains subject to Federal Court approval.
AMP also finalised insurance recoveries relating to its historical remediation programs, securing an additional $24 million in proceeds, taking total recoveries from the claim to approximately $68 million.
AMP enters the final quarter of 2025 with solid momentum across its core businesses, supported by platform innovation, digital banking expansion, and continued simplification of legacy operations.
The company’s focus remains on achieving sustainable net inflows, enhancing member engagement, and building recurring revenue streams through integrated advice and investment solutions.
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