The insurance options that would be facilitated through Smartwrap and V-Wrap had been designed to provide a solution for fee-for-service financial advisers, Praemium group chief executive Arthur Naoumidis said.
"Introducing insurance options is a natural progression and advisers will be able to structure their revenue model as a consequence of the proposed changes for life insurance under superannuation that were announced last month as part of the Future of Financial Advice reforms," Naoumidis said.
