AMP’s insurance business has launched a Life Insurance Framework (LIF) resource hub that will allow advisers to assess their LIF readiness via a cashflow modeller.
The hub includes a range of tools, resources, and insights to help advisers prepare for the legislation taking effect from 1 January 2018.
The cashflow modeller allows advisers to consider the impact of different remuneration structures could have on their business through a comparison of current cashflow and capital valuation with future projections. This would allow advisers to understand how adjusting key financial levers could influence the health of their business.
AMP director of insurance proposition, Greg Johnson, said: “We know advisers are experiencing a huge amount of change as the insurance industry adjusts to a new operating environment, and they need the right support and resources to continue to service the diverse and changing insurance needs of their customers”.
“Helping advisers to manage and drive sustainable businesses is vital to ensuring our industry continues to make insurance accessible to as many people as possible,” he said.
