Punter Southall, the employee benefit consultants and financial advisory firm, has acquired 100% of the share capital of Risk Placement Services (RPS).
Punter Southall already owned 45% of RPS, which specialises in arranging and placing non-standard life and critical illness insurance.
RPS will now become a subsidiary of Punter Southall Financial Management (PSFM) - an independent financial advisory company and itself a subsidiary of Punter Southall.
Over the next four to six months RPS will provide a bureau service to help consumers source appropriate policies.
Life insurance: News update: April 2008