Macquarie Life launches online service aimed at financial advisers
Macquarie Life has moved to make life easier for financial advisers, insurance brokers and clients with the launch of a new online service, WebConnect.
The company announced the new service this week as an option to the Macquarie LifeConnect service launched in October last year.
It said that through WebConnect, the financial adviser started their client's application as normal. The client then received a 'welcome' email allowing them to complete their own personal statements at a convenient time for them, in a secure online environment.
Commenting on the new service, Macquarie Life head Justin Delaney said the launch of WebConnect was intended to give financial advisers greater choice and flexibility to meet their clients' needs.
"Advisers' business models are constantly evolving and we continue to invest in developing services that enable the advice process by making it easy for them to do business with us," he said.
The company said that through the Macquarie LifeConnect, service financial advisers could choose to submit applications using WebConnect, TeleConnect (a tele-interview process allowing clients to complete their personal statements over the phone), or they could complete the process online themselves.
Recommended for you
The corporate regulator has cancelled the AFSL of a Perth advice firm, with the firm having previously seen its licence temporarily suspended in 2020.
Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.
AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to advice practices of all sizes.
Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct.
