AMP scandal expected to spark asset sell-off

Big institutional investors will be keen to acquire parts of AMP's business if, as expected, the Australian financial services group is broken up after a malpractice scandal has come to light at the firm, say industry observers. The company's real asset portfolio and its Chinese pensions business are both seen as potentially particularly attractive for the likes of private equity firms, pension funds and insurers. Last week's revelations about AMP have further shaken trust in Au…