A Japanese life insurance company has taken a 14.9 per cent stake in ClearView Wealth, as the two companies begin collaborating to expand ClearView’s distribution channel with IFAs.
According to an ASX announcement, Sony Life Insurance has agreed with Crescent Capital Partners to invest in ClearView. The life insurer will be represented on the ClearView board through an appointment of a non-executive, non-independent director, the statement said.
The two companies have also agreed to collaborate with a view to growing ClearView’s distribution network in the “fast growing” IFA channel.
They will also seek to enhance the quality of strategic advice to be provided by aligned advisers as well as increase recruitment and productivity of high-quality and skillful aligned advisers.
The statement said ClearView and Sony Life share a similar philosophy in providing quality products and financial advice.
ClearView managing director Simon Swanson said, “We are delighted to welcome Sony Life as a shareholder in ClearView.
“We believe they will be able to bring significant experience to ClearView as we look to continue to grow our business.”
Staffing levels at the prudential regulator will rise and consumer advocates will be given more cash under new measures outlined in Tuesday’s budget...
The commercial law firm has signed on to partner with Australia’s leading technology and innovation event for financial advisers. ...
Insurers and industry bodies are urging life insurance clients to get a COVID vaccine as soon as possible, amid social media speculation that getting ...