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Zurich welcomes AFA and FPA merger


28 February 2023

Zurich Financial Services Australia (Zurich) today welcomed the successful vote by members to merge the Association of Financial Advisers (AFA) and the Financial Planning Association of Australia (FPA).

The creation of the Financial Advice Association of Australia Limited (FAA) represents a significant milestone for the industry and a further demonstration of the professionalisation of financial advice in Australia.

Kieran Forde, Chief Distribution Officer, Life & Investments, Zurich Australia said: “Members of these Associations should be congratulated for recognising the importance of strong and united representation given the significant regulatory and market forces impacting the profession.”

“Zurich is confident that this merger will create immediate benefits, not just for members, but also for consumers and the broader economy as we seek to enhance access to quality and affordable advice,” Mr Forde said.

-ENDS-

 

For media enquiries contact:


Adam Siddique
Head of Public & External Affairs
+61 407 473 630

media@zurich.com.au

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.