ClearView Wealth is to launch a range of investment products with Manulife Investment Management in a strategic partnership between the two firms.
The two firms had signed a memorandum of understanding (MOU) to collaborate on wealth management and retirement income solutions for Australian retail investors.
It would particularly focus on those investors in the decumulation stage.
ClearView managing director, Simon Swanson, said: “ClearView is continuously looking for opportunities to serve our customers and advisers better. With a rapidly growing number of Australians in or nearing retirement, it is critical they have access to products that help them manage their drawdowns. We are excited to partner with one of the world’s leading asset managers to come up with solutions for Australia’s large pre-retiree and retiree market”.
He said the broad reach of Manulife, which was headquartered in Canada, would also support ClearView’s plans to implement liability-driven investments and increase exposure in Asia, environmental, social and governance (ESG) and private asset strategies.
Michael Dommermuth, head of wealth and asset management – Asia, at Manulife Investment Management, said: “Innovative solutions such as liability-driven investment and income-orientated strategies are playing an increasingly important role in aiding investors around the world to generate a stable income in retirement.
“Similarly, in Australia, there is a clear need for effective retirement income solutions to help more people achieve their retirement goals.”