Alexander Forbes seeks to plug the gap after exiting insurance
18 June 2019 - 19:46
SA’s largest pension fund administrator Alexander Forbes is on the hunt for acquisitions as it looks to plug the revenue gap that will be left when it disposes of its insurance operations.
CEO Dawie de Villiers said on Tuesday the sale of the short-term insurance business, whose buyer the company expects to announce sometime in July, will bring much needed capital for Alexander Forbes to increase the size of its retirement administration business and revamp its IT systems...
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