Clearview Wealth Limited (AU:CVW) has released an update.
Clearview Wealth Limited has maintained its business momentum in the first quarter of FY2025, but faced an unexpected surge in claims within its legacy Life Solutions portfolio, leading to a $6.2 million after-tax claims experience loss. The company is focusing on strategies such as repricing and transitioning older products to its newer ClearChoice range to mitigate these impacts and expects these measures to influence financial results in the second half of FY2025. Despite these challenges, Clearview is optimistic about its growth prospects in the retail advised sector.
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