Partners Life offers advisers support

Mark Banicevich

The adviser support programme launches today.

The insurer describes it as an initiative designed to help support adviser businesses and business owners to document and explain their key business practices, processes and policies.

It is a confidential, modular, digital platform which helps to guide adviser business owners through the process of articulating the key, unique attributes of their businesses and will ultimately produce comprehensive, evidential documentation of how their businesses operate, helping to put them in a strong position to transition into the new regulatory environment once licensing requirements are formalised and communicated to the industry.

All financial advisers and nominated representatives will have to work for a licensed financial advice provider, under the new regime. Advice firms will have two years to move from a transitional to a full license.