As a licensed Managed Investment Scheme (MIS) manager, Lifetime will oversee scheme administration, member services, and investment management.
With the addition of SLUK, Lifetime’s total funds under management total $1.3 billion, including $463 million in UK pension assets, reinforcing its leadership in retirement and pension transfers.
This milestone aligns with Lifetime's mission to help Kiwis achieve a fulfilling retirement.
Lifetime’s founder and managing director Ralph Stewart says: “This isn’t just about managing funds; it’s about helping real people make the most of the 20 plus years they’ll spend in retirement.”Lifetime is dedicated to guiding Kiwis through every stage of their retirement journey, whether that’s building savings, transitioning out of the workplace, or living comfortably in retirement.
"Retirement should be rewarding, not just financially, but in freedom and peace of mind. That’s what we’re here to deliver,” Stewart says.
The announcement comes on the heels of Lifetime's 10th anniversary. Following a decade of growth and innovative product development, Lifetime now boasts a team of more than 25 dedicated professionals serving 17,000 customers across seven schemes and recently released Lifetime Home.
“A decade in, we’re just getting started," Stewarts says. "Our growth shows that when you put customers’ retirement needs first, everything else follows.”
"We’re thrilled to welcome SLUK members to the Lifetime family. They’re joining a company built around one purpose: helping Kiwis make the most of life after work.
Lifetime’s most recent innovation in the retirement income space is Lifetime Home. Now a year old, Lifetime Home allows retirees to access their home equity without debt. Unlike reverse mortgages, it operates on a partnership model, enabling homeowners to sell a share of their property based on market valuation. The need for creative options is clear, with the product attracting nearly 4,000 expressions of interest and 500 homes assessed for eligibility since launch.
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