AMP rolls out North upgrades
As its North platform continues to develop as a player in the wraps space, AMP has made a number of enhancements to improve the platform's administrative capabilities.
The company has also rebranded all of North's communication, collateral and online sites as part of its commitment to remove the AXA brand from the Australian and New Zealand markets by March 2013, the company stated.
New features include the introduction of family fee aggregation, which allows up to four family members to combine account balances, reducing administration fees.
Clients and advisers can now access regular online notifications on the dividend and distribution of each fund on the North platform.
AMP said that upgrades to its technology infrastructure have created, in early results, a 20 per cent improvement in average response time across all online.
"North has surpassed $3.7 billion in funds under administration, and adviser interest has been strong over the last 12 months," AMP director platforms Steve Burgess said.
North stated that it would continue to offer an administration fee rebate for new or rolled-over term deposits until the end of the year in response to the demand of investors flocking to the safety of cash.
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