Risk Company Update

Zurich launches life insurance advice business

After ANZ decided to focus on its financial advice services via ANZ Private to high-net-worth clients, Zurich has chosen to offer ANZ’s other customers with existing retail policies from mid-2022 via its new life insurance advice business, Zurich Assure. The new advice business will offer some ANZ employees, particularly those interested in moving over to Zurich, jobs.

Ebony Rose joins Count Financial

The Ebony Rose Group has joined the Count Financial community, moving from Charter Financial Planning in April 2022. Ebony Rose is a Melbourne-based advisory business.

PWG to merge with Nick Stretch Legal

Partners Wealth Group (PWG) is to merge with Nick Stretch Legal to form Partners Legal Solutions. The new company will be a boutique law firm and in-house counsel to PWG as of March 2022. More solutions will be added to the suite with M&A, corporate compliance, commercial litigation, insolvency and reconstruction, initial public offerings and listings, and on-market capital raising.

Resolution Life to acquire AIA’s superannuation and investments arm

AIA Australia is selling its superannuation and investments business to Resolution Life Australasia. The acquisition will increase Resolution Life’s funds under management by over $8 billion and over 160,000 AIA customers will join the already immense 1.1 million members. AIA’s funds management arm will be completely absorbed by the buyer. The purchase is subject to regulatory approvals and is expected to be completed within 12-18 months.