February 26, 2018
BT Financial Group (BTFG) has named the two new insurers it will be adding to its life insurance APL.
From 19 March, AIA Australia and TAL will be added to the APL following an announcement last year from BTFG that it would expand its list to a minimum of three insurers for BT Financial advisers (see: BTFG to Expand APL Beyond Westpac Life).
Advisers using the APL would still be able to recommend products not on the list if they believed they were in the client’s best interest, with BTFG stating last year that adviser requests to use a product outside the APL would be addressed within one working day.
BTFG General Manager Advice and Private Wealth, Jane Watts, said the two insurers were added following a selection process which considered criteria such as service and claims experience, technology, quality of product offering and client benefits, and included independent input from Deloitte.
“We are confident these products meet the quality standards we expect and our clients demand. We are committed to ensuring we support our advisers in providing advice that is in the best interests of our clients,” Watts said.
The training will be delivered by AIA Australia and TAL in conjunction with BTFG and will be available to BT Financial advisers from early March.