Risk Company Update

AFA Foundation partners with two insurers

The Association of Financial Advisers (AFA) Foundation has partnered with AIA Australia and OnePath to support the AFA Foundation’s charitable work.

The AFA Foundation was established in 2007 and has raised over $2 million for charity partners across Australia so far.

Westpac sells life insurance business

Westpac has announced it is selling its life insurance business to TAL. Westpac Life Insurance Services will be sold to TAL for $900 million and enter into an exclusive 20-year alliance for the provision of life insurance products to Westpac’s Australian customers.