A spokesperson advised ifa in a press release that it’s going to set up an “inner recommendation functionality” by new enterprise, Zurich Guarantee.

“This follows ANZ’s choice to focus its monetary recommendation companies on excessive net-worth clients by ANZ Personal. Zurich Guarantee will begin servicing these clients with present retail life insurance coverage insurance policies from 29 July 2022.,” the spokesperson stated.

“Zurich Guarantee will deal with offering reasonably priced {and professional} life insurance coverage recommendation to present retail life insurance coverage clients (together with life insurance coverage held in superannuation funds).

“Zurich stays dedicated to the impartial monetary recommendation market, and retail recommendation will proceed to be supplied by these partnerships.”

ANZ later confirmed to ifa that it’s going to not be shutting down its monetary planning companies, however relatively deal with excessive net-worth clients by ANZ Personal.

It’s but to be disclosed what number of advisers and workers will probably be retained by Zurich within the transfer.

Zurich to tackle ANZ clients for brand spanking new life insurance coverage recommendation enterprise

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Final Up to date: 25 February 2022 Printed: 25 February 2022

Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, together with ifa and InvestorDaily.

Neil can also be the host of the ifa present podcast.

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