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What is a Target Market Determination?

A Target Market Determination (TMD) describes the key features and attributes of a product that are likely to align to the objectives, financial situation and needs of consumers in the target market. Ultimately, TMDs set out who the financial product may be suitable for and how it can be distributed. 

Importantly, TMDs do not replace Policy Documents and are not a comprehensive summary of the product features or terms of the product. You must always refer to the Policy Document for the terms, conditions, and features of the product before deciding whether the product is suitable for you.

Why do we have Target Market Determinations?

As a responsible life insurance provider, Resolution Life believes that customers and their advisers should be empowered to make informed decisions about which customers our products are suitable for. Accordingly, we have created Target Market Determination (TMD) documents to support this purpose and more, including:

•    To support a customer-centric approach to the design and distribution of products.
•    To help customers make informed decisions.
•    To support financial advisers in identifying which customers are best suited to a product.
•    To ensure that when we perform periodic reviews or propose product changes, we can also consider the product’s intended target market.

Important information

Resolution Life Australasia Limited ABN 84 079 300 379, NZ Company No. 281363, AFSL No. 233671 (Resolution Life) is part of the Resolution Life Group. The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.

A disclosure statement is available from your Adviser, on request and free of charge.