Lighthouse Group PLC Affinity contract renewal
10 February 2017 - 6:00PM
RNS Non-Regulatory
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Lighthouse Group PLC
10 February 2017
Press Release
Lighthouse Group plc
("Lighthouse" or the "Group")
Affinity contract renewal
Lighthouse Group plc (AIM: LGT), the national financial advisory
group and preferred financial adviser to 19 affinity partners with
a combined membership of more than 6 million individuals, is
pleased to announce that it has agreed the renewal of its contract
with The Union of Shop, Distributive and Allied Workers ("Usdaw").
Lighthouse will act as the preferred provider of financial advice
to its members, supplying holistic financial reviews encompassing
investments, retirement planning, mortgages and protection, for a
further three years from 1 February 2017.
Usdaw was established in 1891 and is one of the largest trade
unions in Britain, with over 434,000 members nationwide. Usdaw
provides support and representation to workers across a wide
variety of workplaces, including all major retailers, food
manufacturing, pharmaceuticals, warehousing and distribution and
home shopping, plus a range of other industries.
The renewal of this contract, which was originally secured in
March 2013, underlines Lighthouse's impressive list of affinity
partnerships, which includes major employee organisations such as
UNISON, Unite, BA Clubs, Prospect, Boundless (formerly the Civil
Service Motoring Association) and the Royal College of Nursing.
This further highlights Lighthouse's capacity to deliver financial
planning solutions to a diverse and substantial audience.
John Hannett, General Secretary of Usdaw, commented: "We are
delighted to have secured this contract renewal with Lighthouse,
which will enable us to continue to facilitate financial planning
assistance for our members. 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 build our relationship with
Lighthouse and ensuring that our members are able to secure good
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 Usdaw, which further endorses the quality of
service and financial planning assistance which Lighthouse
Financial Advice makes available to all participating members in
our affinity groups. We look forward to further developing our
relationship with Usdaw 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: +44 (0) 20 7065
Chief Executive 5640
www.lighthousegroup.plc.uk
investorenquiries@lighthousefs.help
Media enquiries:
IFC Advisory Limited
Graham Herring/Tim Metcalfe/Heather Tel: +44 (0) 20
Armstrong 3053 8671
heather.armstrong@investor-focus.co.uk 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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