Abolish the FSPR?
Finnotec 2016

ANZ Reviews the Future of Wealth - Including Insurance

From the latest adviser update from OnePath/ANZ:

ANZ announced its annual results today and our CEO, Shayne Elliott, took the opportunity to provide an update on the strategic review of ANZ’s Wealth businesses.

We wanted to share Shayne's comments with you. Shayne said ANZ is exploring a range of possible strategic and capital market options for the future of the Australian Wealth business which includes the possible sale of the life insurance, advice and superannuation and investments businesses in Australia.

Shayne further said the position of the Wealth business in New Zealand will be considered separately during 2017.

 

While it should not be seen as a given that the New Zealand wealth business would be sold, if a purchaser of the Australian wealth business wanted the New Zealand operation then it would seem logical that they would have a good opportunity to acquire it. 

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