LIfetime buys advice firm

Lifetime has bought, for an undisclosed some, Lower Hutt-based Protection Solutions which specialises in employee benefits schemes.

While the price is undisclosed the transaction involves cash and shares with Protection Solutions two advisers, Grant Uridge and Thurl Gibbs, ending up with a 4.5% stake in Lifetime.

"This key integration not only enriches Lifetime's group and employee Benefits offering but also represents another significant step in a series of acquisitions, reinforcing Lifetime's ambitious growth objectives," Lifetime managing director Peter Cave says.

The merger sees Lifetime expanding its capabilities in personal and business insurance advice, building on Protection Solutions' strong legacy of client-focused service and financial guidance.