AMP CEO reflects on financial performance and leadership transition

Financial services group AMP collapsed on the stock market today, after reporting its full year results.

Underlying profit at the retail bank and investment group lifted almost 21 per cent to $285 million and total assets under management jumped nine per cent to about $162 billion.

Investors were unhappy with the weaker than expected margins guidance, and a total dividend of just four cents during the year. AMP got hammered, losing 26 per cent.