BT Financial expands life insurance APL

BTFG/

1 November 2017
| By Hope William-Smith |
image
image
expand image

Having confidence that advisers are supported in meeting best interests duty is the focus behind BT Financial Group (BTFG) expanding its life insurance approved product list (APL), according to firm.

Westpac Life is the only insurer on the firm's APL, but BTFG expects there to be a minimum of three insurers by March 2018.

“Over the past four years every adviser request to use an insurance product not on the APL was approved,” said general manager advice and private wealth, Jane Watts.

“We will be going through a rigorous selection process supported by independent input to make sure the insurance options on our APL meet the demands we expect around the quality of product we recommend to our clients.

“We are doing this methodically to ensure we get great quality additional cover on our APL and we will take the time to make sure our advisers are highly trained in them.”

BTFG also confirmed its intention to minimise the approval of a policy for an insurer off its APL from two days to one.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS