Exit procedure
The timeline to close the business will be determined by the regulatory and legal processes involved, but the company told IA that it hopes it can be achieved within a matter of months, probably by 3Q18.
The group stated that insurance policies and investments issued through Nexus Financial Services will not be affected as a result of the decision and will continue in accordance with the applicable terms and conditions of the respective insurers and product providers.
Clients will be given the necessary guidance and support to ensure that they receive the continued service they require, Nexus Group added.
