After careful consideration, AMP has decided to retire as Superannuation Master Trust Scheme manager and appoint Lifetime Asset Management Limited (Lifetime) as the new manager. The change of manager has been approved by The New Zealand Guardian Trust Company Limited, who is the Supervisor, and was completed on 1 March 2023.

Lifetime’s Managing Director, Ralph Stewart, said “the retirement of AMP and the appointment of Lifetime reflects Lifetime’s commitment of helping Kiwi’s make the transition from saving for retirement to living in retirement."

Many SMT members have the benefit of working with a financial adviser. Lifetime is well positioned to support Financial Advisers going forward with Lifetime’s reliable platform to calculate retirement incomes.