It'll be different this time; Asteron boss on Resolution deal

Willis says Resolution's proposed deal to acquire Asteron Life is very different to its first foray into New Zealand when it bought AMP Life and put the business into run off.

Many advisers expressed their frustration about dealing with Resolution/AMP Life, particularly around communications and service levels.

Willis says the proposed Asteron deal is quite different. Resolution will be supporting Asteron's growth ambitions, is keeping the current management team (including Willis) and is not rebranding the business.

Resolution has acknowledged things didn't go that well with AMP, he says.