AIA extends platform presence
Big insurer, AIA Australia has expanded the number of platforms on which its Priority Protection insurance range will be available to advisers and consumers.
The company announced that its AIA Vitality product was now available on the following platforms -
Asgard, HUB24, LifeFocus, Personal Choice Private, PowerWrap, Portfolio Care, and netwealth, and that it would be available via the IOOF Pursuit platform later this year.
AIA Australia chief executive, Damien Mu, said the integration of AIA Vitality with PPPI on the platforms would allow more advisers to purchase it through their preferred platform.
“We know that platforms are becoming an increasingly popular business channel for advisers to write risk, so we’ve got to make sure we tailor our products accordingly,” he said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.