AMP anticipates it will close a number of products across its own and Axa's product suite as part of the group's integration of the Axa Australia and New Zealand businesses.
AMP Financial Services managing director Craig Meller said a number of products would be closed to new business "over time".
Meller said the decision to close a number of products came as both businesses had been through periods of "significant product change and product development" in the past two to three years.
"If you think with AMP moving to Flexible Super last June, we actually closed some of our corporate superannuation products, customer super and SuperLeader to new business and I think there will be a number of other products that the same thing will happen to," he said.
"There is a business superannuation product within Axa that I think in due course we will be closing that to new business and there is Flexible Lifetime Investments, which is the AMP non-super offer. Again our expectation over time is we will be closing that to new business as well."
Meller's comments come as AMP updates the market on its completion of the joint planning phase of the merger of the two businesses.
He said in the retail investment, superannuation and retirement market AMP would be maintaining both the North and the AMP Flexible super offers.
In the corporate or business superannuation market, AMP Flexible Super is going to be the offer for small to medium businesses, with Signature Super continuing to be AMP's offer for medium and very large corporates.
On the risk insurance side, AMP will continue to have two distinct personal insurance offers in AMP Flexible Lifetime Protection and Axa's Elevate, however, Meller said the company did intend building a new retail insurance product in the near future.
He said it was too early to comment on whether the decision to close funds to new business would result in redeployment of staff.
"We will work out in more detail what the impacts are going to be across individuals in the organisation and clearly if there were any redeployment impacts, the first people who are going to find out about that are the people who are involved," he said.
