AMP expands MyNorth insurance offer

From

Lara Bourguignon

AMP has partnered with leading insurers AIA Australia and TAL to expand its wrap platform insurance offer, providing more choice for clients.

Both insurance offers are available for advisers and super and pension clients of MyNorth, North, Summit, ipac iAccess and Generations.

Lara Bourguignon, AMP’s Managing Director Superannuation, Retirement & Platforms, said:

“Adding these high-quality insurers to our platform increases choice for advisers and clients, further strengthening AMP’s wrap platform offer.

“The changes follow a year of significant investment and enhancements to our flagship MyNorth platform, including fee reductions, new managed portfolio offers and a range of technology and administrative upgrades.

“With more external financial advisers and their clients adopting MyNorth, we’ll continue investment and enhancements in 2020, including further building MyNorth’s managed portfolio capability.”

Net cash inflows to North increased by 25 per cent during the September 2019 quarter compared to September 2018, including a $300 million increase in inflows from external financial advisers.

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