TAL, Zurich, Macquarie Life, BT Life and Asteron were approved, but CommInsure and MLC are no longer on WHK’s approved product list.
Aside from having strong products, the tender process sought commitment from insurers for adviser education and support in gaining efficiencies through technology.
WHK’s client base required product providers to offer suitable risk products for small and medium enterprises, the rural and mining sectors, and professionals.
“We wanted key partners that could provide WHK’s distribution network with adviser education support, high levels of service and dedicated sales campaign involvement,” WHK Group head of financial services John Cowan said.
State Street unveils legal exposure service
Investment manager State Street has launched an Entity Exposure Monitor Service, which calculates exposure to particular legal entities that asset managers and owners either do business with or have in their portfolios.
The service is delivered through State Street’s online client information delivery system, my.statestreet.com.
“In today’s increasingly complex investment environment, we are able to provide our clients with a solution that enables them to have transparency into how much financial exposure they have with each legal entity,” State Street executive vice president and head of global product management Patrick Centanni said.
