Alexander Forbes aids ARC affiliate
Financial services firm partners Colourfield to launch investment framework for individualised pension portfolios
African Rainbow Capital Investments’ (ARC’s) strategic investment in Alexander Forbes’ African operations has delivered its first child, with the retirement administrator and an ARC investee company announcing a joint venture on Wednesday. Colourfield Liability Solutions, in which ARC owns 13.7%, and Alexander Forbes plan to launch Alexander Forbes Clarity, a retirement investment framework that structures unique portfolios for personal goals, in the first quarter of 2018. It is the first partnership venture since Alexander Forbes concluded a R754m empowerment deal with ARC for the purchase of 10% of its African operations late in 2016. At the time Alexander Forbes said it would leverage ARC’s expertise in SA to drive growth in the rest of Africa and provide solutions to its institutional clients, among other attractions. Shareholders approved the deal in January 2017. "We continue to explore mutually beneficial relationships with ARC and affiliated companies," Alexander Forbes CEO ...
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