ClearView and Sony end Cooperation Agreement

ClearView-Wealth/

26 April 2018
| By Mike |
image
image image
expand image

ClearView Wealth has ended his cooperation agreement with Sony Life Insurance.

The company announced to the Australian Securities Exchange (ASX) today that it had terminated the arrangement because it had not received an offer from Sony.

“Accordingly, ClearView has issued a termination notice under the Cooperation Agreement between ClearView and Sony Life which was disclosed to the market on 13 January, 2017, the ASX announcement said.

“Following careful consideration, the ClearView Board has come to the decision that it is in the best interests of ClearView to no longer continue with the Cooperation Agreement and to exercise its right to terminate on three months; notice to Sony Life,” it said.

The announcement said the Cooperation Agreement would terminate on Thursday, 26 July, 2018.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 day 23 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 2 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5