The transaction is expected to wrap up after the market closes on 30 June.
AMP has said it will provide an update to the market on 1 July.
The sale to Resolution Life was declared in 2018, initially for $3.3 billion, but it hit a roadblock last year.
The group dropped its plans to divest its New Zealand wealth business in May.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].