Changes to the Savings and Investment Portfolio – Insurance Bond (SIP-IB)
AMP Services (NZ) Limited (AMP), who currently administers the SIP-IB product on behalf of Resolution Life Australasia Limited, has advised they will no longer be offering administration services for SIP-IB, effective 28 November 2025.
The product will continue, and we’ll be transitioning administration services to Resolution Life from 28 November 2025. Simultaneously, we’re taking the opportunity to make some changes and enhancements to the product.
For SIP-IB customers, as part of the transition:
• SIP-IB will be renamed to Investment Linked Insurance Bond.
• You’ll receive a new policy number.
• Your current investment balance will be automatically invested in the Managed Balanced investment option, which closely aligns with the SIP-IB Balanced Fund you were previously invested in. The Account Management Fee (AMF) for this option is 1.40% p.a. (after tax) and is the same as the base fee you pay today. However, the AMF discount currently offered through additional units will no longer be available, because of differences in product structure and administration of the product.
• You’ll have the flexibility to switch to other investment options.
• You’ll receive additional services including access to My Resolution Life portal where you can interact with your policy online, anytime.
• Your statement timing will change and be issued to you annually starting from December. AMP will issue your final statement for the period to November 2025. You can monitor your policy in the My Resolution Life portal.
• If your SIP also contains Personal Retirement Plan funds (SIP PRP), these will continue to be managed by AMP Wealth Management New Zealand Limited.
All other product features and benefits remain unchanged. More details about the changes are available here.
SIP-IB customers will receive a Significant Event Notice with further details in the coming weeks.
Fee reductions for Investment Linked Insurance Bond (ULANZ)
Following a review and simplification of fee structures and investment offerings, we’ve reduced the management fees we charge for Investment Linked Insurance Bond (ULANZ). The fees in the table below are based on the balance held in each investment option and are shown after the benefit of applicable tax deductions.
| Investment Option | Previous Fee (% pa) | New Fee (% pa) | Change (% pa) |
| Fixed Securities (XN) | 1.75% | 1.40% | -0.35% |
| Horizon Investment (YN) | 1.75% | 1.40% | -0.35% |
| International (NN) | 1.75% | 1.40% | -0.35% |
| Managed Balanced (CN) | 1.75% | 1.40% | -0.35% |
| Managed Performance (ON) | 1.75% | 1.40% | -0.35% |
| Global Equities 2 (KN) | 2.00% | 1.40% | -0.60% |
| Shares 2 (RN) | 1.75% | 1.40% | -0.35% |
The fee reductions will be implemented in November 2025.
Important information
The content of this website is for information only, it does not contain any financial advice or other professional advice or make any recommendations about a financial product or service being right for you. The information provided by Resolution Life Australasia Limited ABN 84 079 300 379, NZ Company No. 281363, AFSL No. 233671 (Resolution Life), is of a general nature and does not take into account your objectives, financial situation or needs. Before taking any action, you should always seek financial advice or other professional advice relevant to your objectives, financial situation and needs, as well as consider the policy document for the product. Any guarantee offered in the product is only provided by Resolution Life.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.co.nz/contact-us or by calling 0800 808 267.
