AMP Wealth Management seeks to move out of Auckland and Wellington CBD

11 June 2020

Specialist KiwiSaver provider, AMP Wealth Management New Zealand has today announced that it is seeking to exit its premises in the Auckland and Wellington CBD’s and will move to adopt fully flexible working on an ongoing basis. This follows the successful move to fully-flexible working during the COVID-19 crisis and aligns with overwhelming feedback from its employees who say they don’t want to return to traditional ways of working.

AMP Wealth Management Chief Executive, Blair Vernon says, “We have been working towards creating a truly flexible work model for a couple of years so we’re seizing the opportunities and learnings over the last couple of months to accelerate our plans.”

AMP believes a return to traditional ways of working given New Zealand’s experiences during lockdown would be short-sighted. It surveyed its people and they agree – 70% said their ideal work setting is a combination of working from home and the office; 22% said they would prefer to primarily from home; and 8% from the office all the time.

“The idea that you can only be productive or do work if you’re in an office has long been the source of endless debates, but as we’ve seen through COVID-19, the reality is that your place of work can literally almost be anywhere, whether that’s an office building or your spare room with the right setup and technology enablement.”

AMP will seek to move into new smaller collaboration and meeting-based premises outside the Auckland and Wellington city centres. The office spaces will be smaller as employees “flex” more and spend less time working in a traditional office environment.

“This will also enable us to continue to respond to the needs of our clients and support them in a range of ways, from face-to-face, over the phone, in their workplace, and online. The reduction in office space and travel requirements will also support our sustainability targets, building on our carbon zero accreditation and other initiatives like converting our vehicle fleet to electric vehicles.

“There’s still a lot to work through, but we’re excited about the positive changes we’ll be making in the coming weeks and months. It’s good for our clients, our business and most importantly our people. We think more businesses will be looking to make similar moves, and more employees will be looking to their employer to embrace diversity in its widest context and support their quality of life,” says Mr Vernon.