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Zurich welcomes advice reforms

7 December 2023

Zurich Financial Services Australia (Zurich) today welcomed the announcement by the Assistant Treasurer to expand access to quality and affordable advice across the financial services sector.

Justin Delaney, Chief Executive Officer, Zurich Australia & New Zealand said: “Once implemented, these reforms will create immediate benefits for consumers and the broader economy.”

“The proposed package strikes an appropriate balance, prioritising consumer protections whilst also recognising significant unmet financial advice needs and a widening insurance protection gap.”

These needs are all the more acute given significant impending structural economic, demographic and social shifts,” Mr Delaney said.

Zurich looks forward to working collaboratively with the Government and the Parliament to legislate these important reforms.


-ENDS-

Zurich Financial Services Australia is a life insurance, commercial insurance and investments specialist that has been participating in the Australian market since 1920. Since its acquisition of OnePath Life from ANZ in 2019, the company provides life insurance to more than 1.5 million Australian customers under both the Zurich and OnePath Life brands.  Further information about Zurich Financial Services Australia is available at www.zurich.com.au.
 

Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.

The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.