If you’re look for TAL, it has relocated to newly renovated premises on George St. TAL Group CEO and managing director, Jim Minto, said the relocation was another major step in the company’s evolution and growth. It would better enable full alignment of its systems, processes and structure around delivering high quality customer service and products.
The insurer has been busy, also releasing enhancements to its award-winning Accelerated Protection offering. The upgrade reflects improvements right across the product including processes and technology to make life insurance easier for advisers and customers at application and claim times.
With an estimated 70% of all life insurance purchased through superannuation, the focus of this upgrade has been about providing greater accessibility and flexibility for customers when insurance is purchased through superannuation.
Stand Alone TPD (total and permanent disability) in Super now available for retail super funds.
Superlink Stand Alone TPD now available for retail super funds and SMSFs (self managed super funds).
Double TPD in Super now available for retail super funds and TAL Super and Insurance Fund.
Double TPD in Superlink now available for retail super funds, TAL Super and Insurance Fund and SMSFs.
New Superlink payment options allowing policies to be tailored with different payment frequencies and premium type.
TAL’s not the only one making changes. In response to the new FOFA requirements, AltaVista Research has announced the launch of a series of sector, strategy and diversified Strategic Asset Allocation Model Portfolios. The Portfolios invest in Australian domiciled ETFs and are being offered at a single low-cost fixed fee per annum.
NAB’s Plum has also launched a new online advice tool allowing members to tailor content according to their life stage and generate a statement of advice. Available at no cost to members it is further empowering people to better engage with their superannuation and successfully plan their financial future in retirement.
Plum managing director, Lara Bourguignon, said, “We are able to offer people the right advice at the right time and already people are embracing the tool. In the first two months of it being available, more than 2,400 self-service statements of advice were generated for members.
It’s all growth in the financial services world, with Nikko AM also expanding. It has boosted its investment and risk team as part of its on-going Asian growth strategy. In Singapore, Winson Fong has joined Nikko AM Asia as head of China strategies while Shivaz Rai joins as investment director for Asian fixed income and Tian Sing Wee as risk manager.
Back home, ASIC is continuing to crack down on bad apples, cancelling the Australian financial services (AFS) licence of Perth securities dealer Stellar Securities Pty Ltd (Stellar Securities) as it was unable to comply with its licence conditions.
Stellar Securities provided financial advice and dealt in financial products for retail and wholesale clients.