Gallagher’s buys Super-Advice business

Gallagher’s has bought the Australian business of Super-Advice, which chief executive Allan Rickerby says will allow it to focus on its New Zealand group benefits services.

Wednesday, September 12th 2018, 1:20PM

J. Patrick Gallagher

Gallagher’s also owns Crombie Lockwood.

Super-Advice consults on employee benefits and will expand Gallagher’s superannuation service capabilities.

“The Super-Advice team greatly enhances our employee benefit consulting and individual wealth management capabilities, deepening Gallagher’s value proposition across Australia,” said J. Patrick Gallagher, Jr., chief executive.

Rickerby said that would leave him to concentrate and grow its group benefits work in New Zealand, with innovative benefits and solutions for the local market. Super-Advice only has advisers working on salary. They are not paid commissions.

He said it was working with New Zealand unions, employer associations and employers to provide innovative solutions and benefits into the workplace. Grouping allowed lower-cost options, he said.

Rickerby said advisers could help to boost financial literacy by providing workplace services.

“We are also creating an online educational tool, soon to be released into market, to assist New Zealanders with financial literacy and capability.”

Tags: financial advisers

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