Partners Life Launches Support Programme For Adviser Business Owners 


Partners Life launched a new Adviser Support Programme this week, designed to provide support to support adviser businesses and business owners in the new regime.

The insurer confirmed the programme is currently offered only to adviser business owners (not sub-agents) with whom Partners Life holds an existing relationship.

It aims to help participants document and explain their key business practices, processes and policies with a view towards the upcoming Financial Services Legislation Amendment Bill (FSLAB) and licensing regime.

The insurer describes its new initiative as “…a confidential, modular, digital platform which helps to guide adviser business owners through the process of articulating the key, unique attributes of their businesses”.

On completion, it intends for advisers to:

  1. Have comprehensive, evidential documentation of how their businesses operate
  2. To place them in a strong position to successfully transition into the new regulatory environment, once licensing requirements are formalised

The programme is intended to be completed over the coming year, taking about an hour of time for the adviser each week.

“Partners Life recognises that the requirements to obtain a license under the new regulatory environment may be new to many adviser businesses, particularly those with few advisers,” the insurer stated.

“However it believes the Adviser Support Programme will be beneficial to all adviser businesses, whether they intend to apply for a license or to be engaged under another licensed provider.”

The Adviser Support Programme will be led by subject matter experts including:

  • Mark Banicevich, Strategy Analyst, Partners Life
  • Steve Wright, General Manager of Professional Development, Partners Life
  • Karty Mayne, Rosewill Consulting and formerly of the FMA