AMP ups the ante on group market
AMP has moved more strongly into the group insurance market, this week announcing the launch of AMP Group Insurance.
Announcing the move, AMP director of group wealth protection Rob Bergin said the product built on the strengths of AMP and AXA’s stand-alone group insurance offerings.
“We had a look at what was working well in both operating models and are pleased to bring this new offer to the market,” he said.
Bergin said the new product included a range of enhancements and new features, including automatic cover for new employees, under certain conditions.
As well, he said it offered total and permanent disability cover and salary continuance when a non-work related illness prevented an employee from attending work on their first day of eligibility for cover, usually the first day of work.
This was in addition to immediate death and terminal illness cover which AMP Group Insurance provides for all causes – work or non-work related health issues.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
