Lighthouse Group PLC New affinity contract win

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Lighthouse Group PLC

28 September 2017

 
 Press Release   28 September 2017 
 

Lighthouse Group plc

("Lighthouse" or the "Group")

New affinity contract win

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 Public and Commercial Services Union ("PCS") to be the preferred provider of expert mortgage advice to its members for an initial period of twelve months.

PCS is the UK's largest civil service union and represents a membership of 180,000 civil servants.

This new contract extends the current contract with PCS to provide their members with financial advice. It brings the number of affinity partners that have appointed Lighthouse as their preferred provider of mortgage and protection services to their members to twelve, including Unite, the Royal College of Nurses, Boundless, by CSMA, ATL, the Association of School and College Leaders and the University and College Union.

Steven Foster from PCS Membership Benefits commented: "Lighthouse Financial Advice provides our members with sound financial advice as part of an all-round professional service. They offer a broad range of products and their advisers are both approachable and knowledgeable."

Malcolm Streatfield, Chief Executive Officer of Lighthouse Group plc, commented: "The Board of Lighthouse are delighted to have secured this partnership with PCS. We look forward to developing our relationship over the coming months and working closely with PCS members to assist them with their mortgage and borrowing requirements.

"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 28, 2017 03:38 ET (07:38 GMT)