Tower to combine units, reach out to adviser groups

Tower group managing director Rob Flannagan said it had been a good financial year for the company with "profit in all parts of the group apart from investment."

Tower also announced plans to "move to a functional model that leverages all of the group's natural assets."

Flannagan said that would involve combining sales and marketing for Tower's three units; investment, general insurance and life and health, to achieve "greater penetration to customer base."

He also said the company would be making greater efforts to build relationships with professional and advisor groups.