Service levels lift Macquarie Life



Macquarie Life has attributed communications and call centre support as key reasons for it being awarded Five Star status in the Beaton Benchmarks 2011 – Life Insurance Intermediaries Study for the fourth consecutive year.
Macquarie Life pointed out that the Beaton study of more than 1,000 financial advisers had given the company the highest overall satisfaction rating of 82.1 per cent, which was above the industry average of 78.5 per cent.
Head of Macquarie Life, Justin Delaney, said being recognised for its strengths in these areas is testament to Macquarie Life’s strong focus on support and service.
Commenting on the results, Beaton head of research, Rebecca Sheils said Macquarie Life was significantly outperforming the industry average for overall satisfaction.
Recommended for you
As private markets garner mainstream attention, a panel of experts believe access to the asset class through managed accounts will become more widely available, providing opportunities for advisers to diversify portfolios.
While retail investors turned to blue-chip stocks last month, according to AUSIEX trading data, September saw advised investors switch into ETFs.
With the intergenerational wealth transfer underway in Australia, wealth managers are focusing on how they can attract the next generation of advisers to service these younger clients.
ASIC wants to expand proceedings against Equity Trustees to seek compensation for members following Macquarie’s agreement to pay $321 million over Shield failings.