I write to correct a number of errors in the article on Lifetime (Money Marketing, September 2).
First, it is important to underline that Lifetime's technology partner has always been and remains DST International. Indeed, it is the strength of this underlying technology solution that creates Lifetime's unique positioning in the emerging UK wrap market.
JP Morgan's FundsHub was never intended to provide an IT solution to Lifetime and its failure at no time endangered our future. We had planned to outsource a small part of the operational model although we always had a contingency solution which we are now implementing.
Finally, I would like to point out that although we have submitted our application for authorisation, FSA approval has not yet been granted.
Lifetime remains very firmly on track and we continue to make excellent progress towards a successful launch.
Chief executive officer,Lifetime