ClearView Wealth signs MOU with Manulife
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.”
AUTHOR
Laura Dew
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
