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Key elements accompanying this major transition within Australia’s life insurance market, according to Zurich, include: In a release from Zurich’s global headquarters in Switzerland, the insurer notes this 20-year agreement with ANZ Bank will expand Zurich’s Australian bank distribution footrpint by attracting up to six million new customers. Maria Falas, Zurich and OnePath Life’s Head of Mental Health & Wellness, said, “We’re very proud to be working in collaboration with the industry and our community partners to provide tools, resources and training to help advisers understand and manage their mental wellbeing, and to support customers in the same pursuit. The information is current as at August 2020 but may be subject to change without notice. Zurich Financial Services Australia have announced that they will pay $2.85 billion to purchase OnePath Life from ANZ bank in a deal to be completed by late 2018. Zurich said that the acquisition of the business will help it become a top life insurer for retail customers in the Australian market. The Holistic Adviser Wellbeing Toolkit is comprised of two parts: My Wellbeing Hub is a brand-new, purpose-built website with tools and resources that can be accessed by anyone at any time, although it has particularly been designed for Zurich and OnePath Life customers, distribution partners and communities. Tags:Aaron Williams Dante De Gori Kristine Brooks Maria Falas Nettie Handley Philip Kewin Tim Atley. 288 Zurich has confirmed that its acquisition of ANZ’s OnePath life insurance business has been officially completed. “OnePath Life’s retail business, focused on protection and savings products, is perfectly aligned with our strategy in life insurance and should further add to our strong cash remittances.”. [...], Over the last decade there’s been an explosion in the number and types of listed products available to Australian investors. Phone: 02 9995 1168 Mobile: 0499 782 112 firstname.lastname@example.org. This includes SuperFriend; Tackle Your Feelings, a community program for AFL clubs and coaches; and Mr Perfect, which encourages conversations and connections through informal BBQs across Australia. The company said completion of the sale would see Zurich acquire the OnePath brand and product range, along with more than 500 employees who had joined the Zurich Life and Investments team across Australia. It said this cooperation agreement would strengthen Zurich’s business by giving it access to ANZ’s customer base served through more than 630 branches, and additional capabilities in independent distribution channels. Photo: courtesy of Zurich. Commenting on the transaction and its implications, Zurich Group Chief Executive Officer, Mario Greco said the company was strengthening its business in Australia and could now engage with up to six million new customers with this acquisition of One Path Life and the access to ANZ’s distribution channels. Its curated and regularly updated resources consider: The Holistic Adviser Toolkit was developed in collaboration with a cross-industry working group borne out of the Zurich Leaders Forums in late 2019. It is for the use of advisers only. He said advisers can also expect to see innovation within updated product and service offerings planned to be rolled out across both brands during 2019. Matthew Backman State Manager Mobile: 0414 496 329. matthew.backman@zurich… do you think ASIC can help me with it? 375 Reproduction in whole or in part in any form or medium without express written permission of He has been a journalist for the past 41 years with a career spanning coverage of financial services, federal and state politics and industrial relations. Companies that exhibit sustainably growing dividends do not seek to generate a high income stream, nor do they try to [...], Growth stocks have been on an upward trajectory for years, a trend that has accelerated due to the COVID-19 pandemic. AdviserVoice PTY Limited is prohibited. OnePath Life provides a variety of wealth and insurance products through financial advisers or directly to customers. Mike Taylor is Managing Editor of the financial services publications Money Management and Super Review. It is now formal. but what about all the advisers who are advertising : Sam Henderson sentenced to two years good behaviour 2 hours 21 min ago. Site design and development by sixfive. Zurich is Europe’s fifth biggest insurer and the OnePath deal follows Zurich’s purchase of Macquarie Life in 2016 and the Cover-More travel insurance group in early 2017. In observing that advisers don’t want any further disruption, Bailey noted that both advisers and customers should expect to notice little, if any, change as a result of the acquisition, with the dedicated infrastructure of both businesses remaining in place.
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