Zurich looks to exit Lonsec ownership
Zurich is looking to exit its ownership of research and ratings house Lonsec.
Although Zurich has declined to comment on the move, Money Management has been told Zurich has been entertaining bids for Lonsec for much of the past two months.
The sales process around Lonsec follows on from recent structural and management changes announced by Zurich.
AUTHOR
Mike Taylor
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
