ClearView makes key appointments
ClearView Wealth Limited has appointed former BT Financial Group senior manager, Jeffrey Scott, as head of product to drive development of life insurance and wealth management solutions for financial advisers.
Scott will oversee the delivery of a new online quote and application engine to simplify and streamline the e-application process and increase efficiencies in advice practices.
Former head of product, Renee Hancock, has been appointed to the newly created role of head of research and development.
Hancock will support the distribution team, help improve customer retention, and expand relationships with the independent financial adviser community.
Commenting on the hires, general manager of distribution, Chris Blaxland-Walker said: "Given all the regulatory and structural changes advisers are grappling with, it's imperative that we're easy to do business with, understand their changing needs and deliver practical solutions".
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Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Planning Association of Australia.
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD and death cover space.
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers.
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market and risk adviser numbers.
