(Reuters) – AMP Ltd on Friday reported lower third-quarter outflows at its Australian wealth management unit, largely due to reduced withdrawals at one of its pension trusts.
Net cash outflows at AMP’s main wealth management business were A$0.8 billion ($502.40 million) for the three months to September, compared with A$1.9 billion recorded a year earlier.
($1 = 1.5924 Australian dollars)
(Reporting by Harish Sridharan in Bengaluru; Editing by Vinay Dwivedi)
