Australian insurer AMP has revealed it is reluctant to invest further into its UK businesses.
Chief executive Andrew Mohl said the Australian insurer is unlikely to commit more funds, "even though the FSA "would love to see more money come from Australia to support the UK.
"We've made it clear that we are not keen to invest additional money, hence a lot of the decisions that we've been taking to protect the shareholders' funds and indeed the policyholders' funds."
Mohl conceded that the company has been ambitious in chasing "too many acquisitions".
Five directors of AMP, including chairman Stan Wallis, announced last week that they would leave the board.
