June 01, 2020

June 01, 2020 | Adviser News


Supporting you, your customers and the community

While restrictions start to ease, the economic impacts are being felt in a myriad of ways in homes all across the country. Now more than ever, Australians need support, advice and protection. Together, we're finding new ways to navigate economic impacts and to help customers. We are proud of the new initiatives we have delivered this month to help support you, your customers and the community.


It feels surreal that footy season is also just around the corner; both professionally and at grass roots level. During the isolation periods we were fortunate enough to have senior coaches from Melbourne Football Club speak to our distribution team (virtually) about the importance of mental resilience during these times and the struggles that a professional football club unexpectedly and publicly had to endure. We are expecting a strong season from the Dees this year and are confident the team will be able to deal with the pressures of a new season better than ever before.

Z Zurich foundation, supporting communities
 

I am really proud that we have so much involvement supporting our Australian communities.

Our Z Zurich Foundation’s COVID-19 disaster response has announced $1.43M community impact funding to support Australian and New Zealand charities in the wake of COVID-19. This funding will be allocated to charities associated with mental and physical wellness, homeless support and food security, and domestic violence under the ZZF’s “wellbeing and inclusion” focus. One of the largest recipients of the local allocation is Foodbank Australia who will receive $1 million.

This is in addition to the $2.28 million to support “hero” community programs and the almost $1 million donated to various charities in the wake of the Australian bushfires earlier this year. Together, we can help our economy and communities bounce back stronger than ever before.

Get into the inspiration _Zone
 

The world has flipped, creating both new challenges and new opportunities. To help you reimagine change, we will soon be launching our digital webinar conference with a great speaker line up to help inspire and help your business grow through change.

The first one is scheduled for 23 June 2020 and will be hosted on our free on-demand education platform _Zone so please keep an eye out for an invitation that’s coming soon. Our line-up of speakers promises to energise you and help you reframe your thinking in another transformative year for our industry.

*Reminder* Affordability options to help customers during COVID-19

 

We have already seen a great response to our affordability options and encourage you to speak to your BDM if you have any questions. You can find all the information you need to support customers experiencing genuine financial hardship during this period here.

We are not stopping there however; we have stood up internal taskforces to look at long term product design to help with both affordability and sustainability measures to ultimately ensure that more Australians can afford quality protection that represents value for money.

Finally, please take some time to read the excellent economic analysis from Matthew Drennan, Head of Savings and Investments at Zurich Investments. His analysis is valuable in unpacking the global landscape looking closely at trends and impacts using both global and local lens. There could be some helpful insights when discussing your client’s strategies.

June 01, 2020

Looking Beyond the Uncertainty

Comfortingly, equity markets have been grinding higher over the last month and bond markets are stabilising after concerted efforts to increase liquidity via “buyer of last resort” facilities provided by many central banks has seen spreads decrease.

June 01, 2020

CPD: Mental health and financial services – delivering better advice, service and care

In Australia – despite being considered one the happiest countries in the world[1] – the growing incidence of mental illness has been the topic of a Royal Commission and has become one of the biggest challenges our sector has ever encountered

June 01, 2020

Running a Virtual Financial Planning Business

Money Mentor, Adele Martin has run a virtual financial planning business for nearly 5 years, she is a multi-award winning Certified Financial Planner and the founder of Firefly Wealth and The Savings Squad. _Zone brings to you this insightful webinar where Adele will offer her advice and experience when running a virtual business.

June 01, 2020

Zurich Australia and OnePath Life support 20 charities with COVID-19 response funding

$1.4 million donation from the Z Zurich Foundation to help local community programs respond to increased demand

June 01, 2020

Watch this space

Across various asset classes, AREITs* have been amongst the most visibly affected by the coronavirus lockdown. Government-imposed ‘stay at home’ measures had an immediate and dramatic impact on mobility, affecting foot traffic to malls in particular. The AREITs index was marked down sharply in March and has been slow to recover as investors digest the impending impact on income. But is the extent of the fall really warranted given the longer-term prospects?

June 01, 2020

XY Podcast: Mental Health Series in partnership with Zurich & OnePath

Traditionally the role of the adviser has been limited to ensuring your client is properly insured, with the right money at the right time paid in the event of a claim. But an increase in focus on mental health has offered new opportunities for advisers to play a bigger role in their clients' lives.

June 01, 2020

Foods that help you to prevent energy slumps

Energy slumps affect all of us and don’t worry, it’s very normal to experience different energy levels throughout the day. It’s not just about the food that you eat, there are other factors involved. Hydration and sleep also play a big part when it comes to your energy levels. If you have a good diet and sleep well and stay hydrated then there may be another cause for lack of energy, which it’s best to see your healthcare professional about.