Feb 13 (Reuters) - AMP Ltd AMP.AX :
* ADJUSTING FOR THE SALE OF AMP LIFE, FY20 UNDERLYING PROFIT EXPECTED TO BE BROADLY FLAT ON FY19
* AUSTRALIAN WEALTH MANAGEMENT OPERATING EARNINGS EXPECTED TO BE ABOUT 20% LOWER IN FY20
* AUSTRALIAN WEALTH MANAGEMENT MARGIN COMPRESSION EXPECT AVERAGE IRR TO AUM OF ABOUT 70 BPS IN FY 20
* FOR AUSTRALIAN WEALTH MANAGEMENT, NET CASH OUTFLOWS IN FY 19 EXPECTED TO PERSIST IN 2020