Lighthouse Group PLC Lighthouse Renews Affinity Contract

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Lighthouse Group PLC

02 August 2017

 
 Press Release   2 August 2017 
 

Lighthouse Group plc

("Lighthouse" or "the Group")

Lighthouse renews affinity contract

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, with 19 affinity relationships representing over 6 million members, is pleased to announce that it has agreed the renewal of its contract with Prospect, as the preferred provider of expert financial advice to its members, encompassing retirement planning, mortgages and investments, for a further one year from 1(st) August 2017.

Prospect's 141,000 members are engineers, scientists, managers and specialists in areas as diverse as agriculture, broadcasting, defence, education and children's services, energy, environment, heritage, shipbuilding, telecoms and transport. The diversity of Prospect's membership continues to grow.

This contract renewal underlines Lighthouse's already impressive list of affinity partnerships, which includes major employee organisations such as UNISON, Unite, BA Clubs, Fostertalk and the Royal College of Nursing (RCN), further highlighting Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience.

Mike Clancy, General Secretary of Prospect commented: "We are very pleased to have secured this contract renewal with Lighthouse, which will enable us to continue to ensure that our members are able to access financial planning assistance from such a well reputed and reliable organisation. Given the truly national basis of our membership, it is 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 continuing to develop 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 delighted that we have secured this contract renewal with Prospect, which once again serves to endorse 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 Prospect over the coming years. 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] 
 
 
 
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 (Nominated Adviser and Broker   Tel: + 44 (0) 
  to the Company)                 20 7220 0500 
 Adrian Hargrave/Emily Watts 
 

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 IFC Advisory Limited 
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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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August 02, 2017 02:01 ET (06:01 GMT)