Ralph Stewart's Lifetime pick up more AMP schemes

Lifetime has taken over management of two former AMP personal superannuation schemes.

The Personal Superannuation Scheme (PSS) and the Future Lifestyle Plan (FLP) have $285 million under management on behalf of  10,000 members.

The majority of these members are either approaching or in retirement making them ideal candidates for Lifetime's retirement income product.

Lifetime managing director Ralph Stewart said “the retirement of AMP and the appointment of Lifetime reflects our commitment of helping Kiwis make the transition from saving for retirement to living their best life in retirement.”