FWD Insurance has invested in IPP Financial Advisers, acquiring a minority stake in the financial advisory firm that has presences in Singapore and Hong Kong. The financial terms of the deal were not disclosed.
In a statement, IPPFA said that the alliance will allow it to cement its position as a premier financial advisory firm in Singapore and the rest of the Asia-Pacific region. It will also enable FWD to design more life insurance products that comprehensively meet the evolving financial needs of clients.
The development will complement IPPFA’s range of financial products, financial planning services and investments capabilities. It will retain its position as an open architecture financial planning institution with complete access to a range of products from different insurers and fund houses.
The deal will also boost IPPFA’s digitalisation efforts through integration of FWD’s technology capabilities, as well as increase its footprint across Asia, thanks to the insurer’s extensive network.
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