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ClearView to build life risk advice segment in 2013

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By Samantha Hodge
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2 minute read

Growth experienced following takeover by CCP BidCo

ClearView Wealth will continue to focus on the growth of its life risk advice business segment in 2013, the company told InvestorDaily.

The company has experienced solid growth in the segment following a takeover by CCP BidCo in September.

"We will [also] continue to invest in our wealth, planning and direct segments, which are also experiencing growth," ClearView managing director, Simon Swanson, told InvestorDaily.

"We expect to introduce service enhancements and possibly some minor product changes. 

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"Core to our proposition will continue to be our deep relationships and experience in all our lines of business," he said.

In September, CCP BidCo successfully obtained the required 50 per cent interest in ClearView Wealth's company shares, making the offer unconditional and allowing the takeover to proceed.

The move followed agreement, by the ClearView Wealth board in August, of an implementation arrangement with CCP BidCo after the Crescent Capital Partners Management subsidiary lifted its takeover offer for the company by five cents a share.

Following the takeover, the ClearView board suffered a significant reshuffle in October, which saw Anthony Eisen resign as director and board members enter a transitionary period until 30 June 2013.