Lighthouse Group PLC New affinity contract

TIDMLGT

Lighthouse Group PLC

30 May 2018

 
 Press Release 
 

Lighthouse Group plc

("Lighthouse" or "the Group")

New affinity contract

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that it has won a new agreement with The Public and Commercial Services Union ("PCS"), as the preferred provider of expert financial advice to its members, encompassing retirement planning, mortgages and investments, for three years from the 1(st) June 2018. These services were previously supplied by Lighthouse under an overarching agreement between PCS and a third-party.

The PCS is one of the largest trade unions in the UK, with around 200,000 members, and is organised throughout the civil service and government agencies, making PCS the UK's largest civil services trade union. PCS also organises widely in the private sector, usually in areas that have been privatised.

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

Peter Lockhart of The Public and Commercial Services Union, commented: "We are very pleased to have secured this contract with Lighthouse, which will enable us to ensure that our members are able to access financial planning assistance from a reliable and well reputed organisation on a truly national basis. We look forward to developing our relationship with Lighthouse over the coming years and working together to ensure that our members are able to secure quality service and consistent professional financial advice."

Malcolm Streatfield, Chief Executive Officer of Lighthouse, commented: "The Board is very pleased to have secured this contract with The Public and Commercial Services Union, which serves to highlight further the quality of service and financial planning support which Lighthouse Financial Advice provides for all participating members in our affinity relationships. We very much look forward to building on our relationship with PCS over the years ahead. The Board remains committed to developing further our affinity partnerships throughout the UK."

For further information, please contact:

 
 Lighthouse Group plc 
 Malcolm Streatfield -                            Tel: [phone] 
  Chief Executive                                                 5640 
  Peter Smith - Group Finance 
  Director 
 [e-mail]   www.lighthousegroup.plc.uk 
 
 
 finnCap Limited 
 (Nominated Adviser and    Tel: + 44 (0) 20 7220 
  Broker to the Company)                    0500 
 Adrian Hargrave / Emily 
  Watts/ Hannah Boros 
 

Media enquiries:

 
 IFC Advisory Limited 
 Graham Herring / Heather                                Tel: [phone] 
  Armstrong /                                                            6630 
  Florence Chandler 
 [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 in the asset management and auto-enrolment sectors.

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRAUKVVRWUAVUAR

(END) Dow Jones Newswires

May 30, 2018 02:01 ET (06:01 GMT)