Aug 13 (Reuters) - AMP Ltd AMP.AX :
* EXPECTS TO REPORT FY 20 CONTROLLABLE COSTS OF A$850M
* PROJECT DEPLOYMENT SLOWER IN H1 DUE TO COVID 19 IMPACTS; PACE OF INVESTMENT SPEND EXPECTED TO INCREASE IN H2 20
* COST OUT PROGRAM IS EXPECTED TO GENERATE A$120M OF CUMULATIVE COST SAVINGS IN FY 20
* SEES UNDERLYING MARGIN COMPRESSION UP TO 9 BPS IN FY20 IN AUSTRALIAN WEALTH MANAGEMENT