By Digifin Pty Ltd · About this coverage
Key Points
- Platforms net cashflows $1.5 billion, up 20% on 3Q 25
- Superannuation & Investments net cash outflows of $138 million, against $241 million in 3Q 25
- New Zealand Wealth Management net cashflows $100 million, up from $64 million
- Total AUM of $168 billion across the Australian and New Zealand wealth businesses
- $75 million of the $150 million on-market share buyback delivered
About AMP (ASX:AMP)
AMP Limited is an ASX-listed wealth management and banking company headquartered in Sydney. It provides superannuation, retirement and investment products through its North platform and AMP Super, offers residential mortgages and deposits through AMP Bank, and runs a wealth management business in New Zealand. It also holds minority interests in two Chinese joint ventures, China Life Pension Company and China Life AMP Asset Management.
AMP (ASX:AMP) released its September quarter cashflows, showing higher net inflows on its North platform and smaller superannuation outflows, while it continues its share buyback and works to reduce capital intensity in AMP Bank.
Platforms net cashflows, excluding pension payments, were $1.5 billion, up 20% from $1.2 billion in 3Q 25, and Platforms AUM was $93.6 billion. North Managed Portfolios grew to $29.5 billion. Superannuation & Investments recorded net cash outflows of $138 million, against $241 million in 3Q 25, taking year-to-date net cash outflows to $62 million; AMP attributes the result to seasonality in the second half. It also won an employer super mandate, with implementation expected in 1Q 27. New Zealand Wealth Management net cashflows were $100 million, up from $64 million, while AUM eased to $12.1 billion on FX headwinds. Total AUM across the Australian and New Zealand wealth businesses was $168 billion. In AMP Bank, the total mortgage book was $23.2 billion and total deposits were $17.6 billion. AMP has delivered $75 million of its $150 million on-market share buyback.
The update contains no revenue or earnings figures and does not state the size of the new employer mandate. Targeted capital relief transactions for AMP Bank are to be progressed during 4Q 26, subject to market conditions.
Source: AMP Limited (ASX:AMP), 15 October 2026. Summary content supplied by Digifin Pty Ltd.
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