AMP extends life insurance APL across all licensees
AMP has increased its life insurance approved product list (APL) to include five major insurers and made it common across all AMP licensees.
The company announced today that its life insurance APL now included BT and MetLife as new additions alongside AIA, OnePath/Zurich and TAL.
The company said that, for the first time, the APL would be common across all AMP’s licensees: AMP Financial Planning, Hillross and Charter.
Commenting on the move, AMP director of adviser partnerships Brian George said it had followed rigorous industry review and tender processes by the company’s advice research team.
“Clients and advisers will benefit from a competitive choice of policies and the enhanced service levels these insurers are offering, including claims resolution and support, technology support (including data feeds, shared portals), licensee-centric reporting, education and technical support, and future product development.”
“Existing life policies held by clients with insurers not on the APL will not be affected by the changes,” he said.
Recommended for you
The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted.
After seven weeks of strong growth, Wealth Data analysis shows financial adviser gains are now tapering off and returning to a regular pace.
Count chief executive Hugh Humphrey has said FY25 was a “milestone year” for the business as it completed its Diverger integration, exceeding targets with $5.1 million in cost synergies.
US wealth manager Focus Financial Partners, which includes Australia’s Escala Partners, has appointed a chief strategy officer to fuel further Australian growth.
