Lighthouse Group PLC Renewal of affinity contract

TIDMLGT

Lighthouse Group PLC

25 September 2017

 
 Press Release   25 September 2017 
 

Lighthouse Group plc

("Lighthouse" or the "Group")

Renewal of affinity contract

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that it has agreed the renewal of its contract with Boundless, by CSMA, as the preferred provider of expert financial advice to its members, encompassing retirement planning, mortgages and investments, for a further three years.

Boundless, by CSMA, has 240,000 members and is a club dedicated to those in the Civil Service and Public Sector

Lighthouse has an impressive list of affinity partnerships, which alongside Boundless, by CSMA, include major employee organisations such as UNISON, Unite, Prospect, BA Clubs, Royal College of Nursing (RCN) and the University and College Union (UCU), further demonstrating Lighthouse's capacity to deliver financial planning solutions to a diverse and expanding audience.

Stephen Chinn, Head of Proposition of Boundless, by CSMA, commented "We are delighted to have renewed this contract with Lighthouse, as this will enable us to continue to ensure that our members are able to access financial planning assistance on a truly national basis via such a well reputed and reliable organisation. It is very important to us to continue to partner with an organisation which is clearly capable of supporting our members no matter where they may reside and no matter what their background. We look forward to further building upon our relationship with Lighthouse and ensuring that our members are able to secure quality service and consistent financial advice."

Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "The Board is very pleased that we have secured this contract renewal with Boundless, by CSMA, which once again serves to highlight the quality of service and financial planning support which Lighthouse Financial Advice provides for all participating members in our affinity relationships. We look forward to further progressing our relationship with Boundless, by CSMA, over the coming years. The Board remains committed to increasing our affinity partnerships throughout the UK."

For further information, please contact:

 
 Lighthouse Group plc 
 Malcolm Streatfield,                                  Tel: [phone] 
  Chief Executive                                                      5640 
  Peter Smith, Finance 
  Director 
                                          [e-mail] 
                                                 www.lighthousegroup.plc.uk 
 
   finnCap Limited                                     Tel: [phone] 
                                                                       0500 
 (Nominated Adviser to 
  the Company) 
 Adrian Hargrave 
 Emily Watts 
  Hannah Boros 
 
   Media enquiries: 
 IFC Advisory Limited 
 Graham Herring                                        Tel: [phone] 
  Tim Metcalfe                                                         8671 
  Heather Armstrong 
 [e-mail]            www.investor-focus.co.uk 
 

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 five solutions comprise multi-manager, fund of fund, investment portfolios matching to customers' agreed risk profiles, with Octopus Investments Limited as the initial Investment Adviser. The Luceo Fund range is available across a number of leading platforms, including the Lighthouse Zurich Platform provided 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 (some 600,000 SMEs have yet 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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September 25, 2017 02:01 ET (06:01 GMT)