Lighthouse Group PLC Lighthouse Renews Affinity Contract
02 August 2017 - 4:01PM
RNS Non-Regulatory
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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: +44 (0) 20 7065
Chief Executive 5640
Peter Smith - Group Finance
Director
www.lighthousegroup.plc.uk
investorenquiries@lighthousefs.help
finnCap Limited
(Nominated Adviser and Broker Tel: + 44 (0)
to the Company) 20 7220 0500
Adrian Hargrave/Emily Watts
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
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
END
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