AMP has released a diagnostic tool as part of its LIF resource hub in a move intended to help advisers assess their readiness for incoming regulatory changes.
The diagnostic tool will help advisers to identify areas of their businesses that may need attention, and provide them with a plan on how to prepare their practice for the introduction of LIF legislation on 1 January 2018.
In addition to the new tool, AMP have also launched a number of video tutorials led by Elixir Consulting founder Sue Viskovic, addressing topics such as pricing and revenue models, target markets and value propositions.
AMP director of insurance proposition Greg Johnson said the expansion of the LIF resource hub will assist advisers to successfully prepare for the new legislation.
“The enhancements to the LIF hub will provide advisers with further tools and support to help them get across the line in transitioning their business into the new environment,” he said.