AMP Limited
(ASX:AMP) has reported a fall in net cashflows to $241 million for the three months to September.
The financial services company announced a slip in cashflows from $476 million in Q3 2014. The result was attributed to the closure of Genesys Wealth Advisers, announced in November 2014.
Total assets under management were recorded at $111.1 billion, down 3 percent from $114 billion at the end of Q2 2015.
Chief executive Craig Meller said that despite volatile insurance claims experience during the quarter, the company’s improvement program remains on track.
AMP reported a net profit of $891 million at 30 June 2015.
