Statutory Fund Restructure

If you’re an existing Australian customer of Resolution Life Australasia, nothing will change and there’s nothing you need to do. Resolution Life Australasia will continue to issue your policy.  

The Acenda Group was formed in October 2025, following the global acquisition of the Resolution Life Group by Nippon Life Insurance Company (Nippon Life). The Acenda Group comprises Acenda Life, Resolution Life Australasia and Asteron Life New Zealand (Asteron Life) – bringing together over 175 years of experience. It’s now one of the largest life insurance businesses in Australia and New Zealand, backed by the global strength of Nippon Life.

Learn more about Acenda Group here: acenda.com.au/acenda-group 

Nippon Life is one of the world’s leading life insurance companies and the largest private asset owner in Japan. Founded in 1889, Nippon Life operates multiple life insurance and asset management businesses across the Asia-Pacific region and globally. Nippon Life has around 170,000 employees, 15 million customers, and over AU$862 billion in total assets.

Since 1947, Nippon Life has operated as a mutual company, which means profits go to policy owners rather than shareholders. This reflects the company’s spirit of mutual aid and dedication to helping create a secure future for its customers.  

Learn more about Nippon Life here: nissay.co.jp/global/ 

Asteron Life provides a range of life, trauma, income protection, total and permanent disability, and business insurance cover in New Zealand. Its products are predominantly sold through financial advisers as well as via direct and group business partnerships. 

A statutory fund exists to protect policy owners by ensuring the funds and assets supporting their policies are used for paying policy owners. Currently, Resolution Life Australasia’s Statutory Fund No. 1 includes the funds of clients from both Australia and New Zealand.

Subject to approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ), we are proposing a restructure that will effectively separate the Australian and New Zealand policy owners’ funds. We’re doing this to remove unnecessary complexity within our business, allowing us to support policy owners as effectively as possible into the future.

As an Australian policy owner, your funds will remain where they are (Statutory Fund No. 1) and nothing will change.  

No, there will be no change to your policy or account, your cover or how you make a claim. You can also continue to contact us through the same channels you currently use. 

Yes, you are welcome to provide feedback on the proposed change of ownership if you have received a letter informing you about the proposed statutory fund restructure.  

Simply contact us via any of the channels below:

• Online: Visit our website and complete the feedback form at: Statutory Fund Restructure Feedback Form
• Email: policyownerfeedback@resolutionlife.com.au, or  
• Call us: 1800 631 600.

Please send any feedback by 31 August 2026. After this date, we will collate all customer feedback and send a summary to the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ). Your views will be considered by APRA and the RBNZ before any decision is made to approve the statutory fund restructure.

The change in ownership of Resolution Life Australasia requires us to share information with other companies within the Acenda Group as well as third parties. We need to update the Privacy Policy to reflect this. The updated Privacy Policy maintains Resolution Life Australasia’s current commitment to data privacy and security. Any personal information collected by Resolution Life Australasia, or the Acenda Group, will be kept secure and will only be used for the purposes for which it is collected.  

In Australia and New Zealand, all life insurance companies are legally required to have an Appointed Actuary. This is a highly qualified person appointed to provide impartial, objective advice to the Board and senior management on the financial management of the insurer. Advice may relate to pricing, managing financial risks, policy liabilities, and whether the company has enough capital. Importantly, the Appointed Actuary also provides advice to ensure that policy owners are treated fairly.

The Appointed Actuary for Resolution Life Australasia has assessed the proposed transfer of ownership and is satisfied that policy owners will not be disadvantaged. This means that your contractual benefits and rights won’t change, your overall reasonable benefit expectations will continue to be met and will not be adversely affected, and the security of your benefits will remain adequate.

You can view a copy of the actuarial report of the Appointed Actuary at RLA Limited Appointed Actuary Report.

An Independent Actuary has also reviewed the proposed restructure. A copy of that report can be found at Independent Actuary Report.