The panel consists of five market-leading providers:

• AIA
• BT (new addition)
• MetLife (new addition)
• OnePath/Zurich
• TAL

For the first time, the approved product list (APL) will also be common across all AMP’s licensees:

• AMP Financial Planning
• Hillross
• Charter.

AMP Director of Adviser Partnerships Brian George said: “Our advice research team undertook a rigorous industry review and tender process in selecting these insurers.

“Clients and advisers will benefit from a competitive choice of policies and the enhanced service levels these insurers are offering, including claims resolution and support, technology support (including data feeds, shared portals), licensee-centric reporting, education and technical support, and future product development.”

Existing life policies held by clients with insurers not on the APL will not be affected by the changes.

AMP’s APLs are reviewed at least annually.

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