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Marion Rae

AMP shares surge on 'transformational' advisor deal

Shares in AMP rallied in morning trade after the announcement of a new deal for its advice division. (Joel Carrett/AAP PHOTOS)

Shares in once-mighty financial services company AMP have surged after a "transformational" deal for the loss-making advice division.

Financial advice business Entireti will buy AMP's financial services licensees Charter, Hillross and AMP Financial as well as Jigsaw for $10.2 million, with AMP to retain an equity stake in the new joint venture.

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Trump Delivers Speech to Rows of Empty Seats Deep in the Heart of His Republican Stronghold, Report Says

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Pennsylvania shooter who killed 8 was family’s patriarch, slain toddler’s dad says

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Republican Facing Child Rape Charges Could Become Louisiana Police Chief After Opponent Withdraws From Election

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Bubba Wallace, Alex Bowman uninjured after vicious crash in Charlotte NASCAR Cup race

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Trump Delivers Speech to Rows of Empty Seats Deep in the Heart of His Republican Stronghold, Report Says

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One subscription that gives you access to news from hundreds of sites

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