A new framework calls for a strengthened partnership
Media Release -
TAL confirms its commitment to advisers and the value of advice with the announcement of five key commitments over the next five years that will assist advice businesses in an evolving environment.
General Manager Retail Distribution, Niall McConville said that TAL appreciates the substantial changes advisers face and is committed to supporting them and their business through the transition.
"Our partnership with Advisers is part of our culture at TAL and this partnership deserves commitment at every level of our business. The five key commitments will form the foundation of new ideas that we are pioneering, helping our advisers to thrive over the coming years.
"Life companies and advisers need to become more efficient if we are to provide a better experience for consumers and we believe that an investment of $150 million over five years will provide opportunity to better deliver life products and advice to Australians.
Mr McConville said the additional funding follows significant investment in client and adviser focused initiatives over the last year.
"The investment will be in our customer, service and product propositions, to make it easier for advisers to work with us and deliver quality advice to their clients. The key commitments cover partnership, advocacy, value, education and investment.
"We have launched a site to be transparent and held accountable to our commitments. I would encourage all advisers to take the time to review what is being proposed and have their say. Advisers know their business better than anyone and the site allows advisers to submit and vote on ideas, as well as see what is already underway.
"The future may have some challenges but in my opinion, if we all work together the future has more opportunities than challenges. The new framework calls on the industry to work collaboratively and we believe this is a positive step in working together for a better outcome for the industry and consumers".
Further information:
Natalie Kitchen 02 9448 9224/0432 419 533 natalie.kitchen@tal.com.au
About TAL: The specialist voice of life insurance in Australia
TAL is Australia's largest life insurance company with leading competitive offerings in each of its core distribution channels: direct to customers; through financial advisers; and via group and workplace superannuation schemes. TAL provides more life insurance solutions to Australians than any other insurer. TAL is owned by The Dai-ichi Life Insurance Company, Limited, one of Japan's largest life insurers.