Lighthouse Group PLC Lighthouse Wins New Affinity Contract

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Lighthouse Group PLC

26 October 2016

 
 Press Release   26 October 2016 
 

Lighthouse Group plc

("Lighthouse" or "the Group")

Lighthouse wins new affinity contract

Lighthouse Group plc (AIM: LGT), the national financial advisory group and preferred financial adviser to 19 affinity partners with a combined membership of more than 6 million individuals, is pleased to announce that it has agreed a new contract with Fire Brigades Union (FBU) to be the preferred provider of expert financial advice to its members.

The contract will run for three years and under the terms, Lighthouse will be the preferred provider of financial advice to FBU members, encompassing advice on savings, investments, pensions and protection, plus mortgages. Founded in 1918, FBU represents a membership of 36,000 fire service professionals, as well as 7,000 retired members.

This new contract highlights Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience.

Dave Green, National Officer of Fire Brigades Union, commented: "We are pleased to have finalised this contract with Lighthouse. The new arrangements will enable our members to access invaluable financial planning assistance. Many find themselves in complex financial circumstances, and they will now be able to maximise opportunities they may not have known existed to secure their and their families' futures."

Malcolm Streatfield, Chief Executive Officer of Lighthouse, commented: "The Board is delighted that we have secured this partnership with the Fire Brigades Union, a new and exciting engagement for us. We look forward to developing our relationship over the coming years and working closely with FBU members, who themselves are dedicated to helping others, and to assisting them with their financial planning requirements. The Board remains committed to increasing our affinity partnerships throughout the UK".

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For further information, please contact:

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

Media enquiries:

 
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About Lighthouse Group plc

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 5 million members.

Lighthouse has been listed on AIM (LGT) since 2000 and presents 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.

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

In 2014 Lighthouse announced the launch of its Lighthouse Pensions Trust ("LPT"), an unbundled multi-employer Master Trust product that provides a cost-effective and one-stop shop service to enable small- and medium- sized enterprises ("SMEs"), under the Group's Lighthouse Workplace Solutions ("LWS") branded service. Some 1.8 million SMEs are required to establish auto-enrolment compliant pension schemes for their employees between July 2015 and March 2018. LPT utilises target date funds managed by Alliance Bernstein, which manages $489 Billion of funds world-wide and is 63 per cent. owned by AXA, with Bridge Trustees Limited, a subsidiary of Eversheds LLP, acting as one of three corporate trustees and providing the Chair of the Trustee Board.

In 2015 the Group announced an extension of its LWS offering with the launch of the Lighthouse Life Trust, again an unbundled multi-employer occupational Master Trust product that enables those businesses that have agreed to adopt LPT to meet their auto-enrolment obligations to 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. The scheme is underwritten by Zurich Assurance Limited with Bridge Trustees Limited as corporate trustee.

On 16 September 2016 the Group announced the launch of its Luceo Asset Management business, providing 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.

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

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October 26, 2016 02:00 ET (06:00 GMT)