Lifetime insists its wrap service will continue to provide an adviser-focused product despite the Millfield group selling its 25% stake to Norwich Union for £9m. Norwich Union now has a 98% stake in the wrap provider. Director of Lifetime Will Kinsman said the original selling point of the company, that it was launched in conjunction with advisers and not exclusively by a product provider, has not been jeopardised by the change of ownership. "The company remains independent where it matters," he said. "Millfield is still a fundamental part of the business and played a key role in develop...
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