Lighthouse Group PLC Extension of Luceo Funds range

TIDMLGT

Lighthouse Group PLC

28 February 2017

 
 Press Release   28 February 2017 
 

Lighthouse Group plc

("Lighthouse", the "Group" or the "Company")

Extension of Luceo Funds range

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, is pleased to announce the extension of its fund range from its wholly-owned subsidiary, Luceo Asset Management Limited, by the launch today of two additional funds, Luceo 3 and Luceo 7.

These complement the existing funds Luceo 4, Luceo 5 and Luceo 6 in the actively managed, multi-manager fund of funds space and have, as with the initial funds launched, been designed to deliver risk-targeted returns to investors. The new funds will again be managed by Octopus Investments Limited, the award-winning investment company that manages the existing Luceo active fund range, and will be available on the Lighthouse Zurich Platform service established in September 2016, as well as on a number of other leading platforms.

Malcolm Streatfield, Group Chief Executive of Lighthouse Group plc, commented: "We are delighted to extend the Luceo fund range launched in October 2016 with the addition of Luceo 3 and Luceo 7, and to continue our engagement with Octopus Investments, which has proved to be a first class partner in the launch and development of our Luceo Asset Management proposition. We look forward to further product developments during the rest of 2017 and beyond in order to extend still further the range of financial solutions available to our clients."

Simon Rogerson, Chief Executive of Octopus Investments, commented: "We are very pleased to be extending the existing range of Luceo funds that we manage for Lighthouse to include Luceo 3 and Luceo 7. It's a natural step to take in order to provide customers with a more complete proposition, and we look forward to working closely with Lighthouse over the coming years to build an industry leading investment fund range. Like the other funds, these new risk-targeted funds are managed by our well-established multi manager team, and are designed to deliver consistency and reliability, with complete focus on delivering the outcome the customer expects."

- Ends -

For further information, please contact:

 
 Lighthouse Group plc 
 Malcolm Streatfield -                          Tel: [phone] 
  Chief Executive                                               5640 
  Peter Smith - Group Finance 
  Director 
                                          www.lighthousegroup.plc.uk 
                                 [e-mail] 
 

Media enquiries:

 
 IFC Advisory Limited 
 Graham Herring/Tim Metcalfe/Heather               Tel: +44 (0) 20 
  Armstrong                                              3053 8671 
 [e-mail]   www.investor-focus.co.uk 
 
 
 
   finnCap Limited 
 (Nominated Adviser and Broker   Tel: + 44 (0) 
  to the Company)                 20 7220 0500 
 Adrian Hargrave / Emily Watts 
 

About Lighthouse Group plc

Lighthouse has been listed on AIM since 2000 as an integrated financial services company for investors, coupled with significant scale in terms of distribution through financial advisers and wealth managers and its fully diversified business model.

As one of the UK's largest autonomous financial advice and wealth management groups, Lighthouse provides a comprehensive range of services to businesses and individuals and is retained by most of the major trades unions and other affinity groups to advise their combined memberships of over 6 million members.

The Group aims to increase its relationships with, and the benefits it derives from, its relationships with affinity groups and professional partners.

In addition to a wide range of financial advice, the Group has developed innovative products to meet the specific needs of its retail and corporate customers. These comprise:

-- Luceo Asset Management, launched in September 2016 to provide a range of investment solutions to retail investors. The initial three solutions comprise multi-manager, fund of fund, investment portfolios matching to customers' agreed risk profiles, with Octopus Investments Limited as the initial Investment Adviser and the newly established Lighthouse Zurich Platform, in partnership with Zurich; and

-- The Lighthouse Pensions and Life Trusts, unbundled multi-employer Master Trust products that provide cost-effective and one-stop shop solutions for small- and medium- sized enterprises ("SMEs"), to meet their obligations to establish auto-enrolment compliant pension schemes for their employees by 31 March 2018. (up to 1 million SMEs have to do so) and provide death-in-service life assurance cover for all of their employees aged between 16 and 65, for the same cost per benefit, at very competitive rates, regardless of age, gender, location or pre-existing medical conditions.

Lighthouse operates from its headquarters in London as well as having principal operating offices in Stockport and Woodingdean, near Brighton.

For more information please visit: http://www.lighthousegroup.plc.uk/

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRATRMRTMBTTBIR

(END) Dow Jones Newswires

February 28, 2017 02:02 ET (07:02 GMT)