Tower upgrades life product
Tower Australia has upgraded its Accelerated Protection life insurance platform to offer added protection, effective immediately, the company announced.
The upgrade includes 14 enhanced benefits and definitions and applies to all policyholders with an in-force Accelerated Protection policy.
Tower Australia’s head of product and marketing — retail life, David Denison, said the enhancements were a result of feedback from advisers, while Tower had improved its online system to make the application process simpler and easier.
“Reducing the number of clicks required to complete quotes on the latest version of Accelerated Protection is just one example of how we are trying to make advisers’ lives easier,” he said.
Recommended for you
A panel of advisers have argued charging fees accordingly is a top priority for the industry, but Peloton Partners has found firms are reluctant to increase them until the business pressure is “unavoidable”.
Equal weighted ETFs are gaining ground with financial advisers, according to AUSIEX, as they believe they can bring balance to client portfolios.
Financial services software and technology provider Fin365 has appointed a new executive chairman to the board to support the firm’s strategic growth plans.
The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to switch their superannuation into a poorly performing product.