Lighthouse Group PLC Lighthouse contract with The Money Advice Service

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Lighthouse Group PLC

03 March 2017

 
 Press Release   3 March 2017 
 

Lighthouse Group plc

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

Lighthouse contract with The Money Advice Service

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that it has agreed a new contract with The Money Advice Service to be the preferred provider of financial advice to its employees.

The contract will initially run for one year and stipulates that Lighthouse will be the preferred provider of financial advice to employees of The Money Advice Service, encompassing advice on savings, investments, pensions and protection, plus mortgages.

The Money Advice Service, which was launched in April 2011, is an independent organisation whose statutory objectives are to enhance the understanding and knowledge of financial issues amongst members of the public in the UK.

This new contract further extends a growing list of affinity partnerships for Lighthouse, which includes major employee organisations such as UNISON, Unite, BA Clubs, Prospect, The Fire Brigades Union and the Royal College of Nursing, highlighting Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience.

Jon Penberthy-Smith, Customer Director at The Money Advice Service, commented: "We are very pleased to have secured this contract with Lighthouse as this will enable our employees access to financial planning assistance across a broad range of financial topics and will help them to make the most of financial planning opportunities."

Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "We are delighted to have secured this partnership with The Money Advice Service. We look forward to developing our relationship over the coming months and working closely with The Money Advice Service employees, who themselves are dedicated to helping others, and assisting them with their financial planning requirements. The Board remains committed to increasing our affinity partnerships throughout the UK."

- 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

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March 03, 2017 02:00 ET (07:00 GMT)