Lighthouse Group PLC New Affinity Contract Win
30 August 2017 - 4:00PM
RNS Non-Regulatory
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Lighthouse Group PLC
30 August 2017
Press Release 30 August 2017
Lighthouse Group plc
("Lighthouse", the "Group" or the "Company")
New Affinity contract win
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 a new contract with The Social Workers Union to be the
preferred provider of financial advice to its members.
The contract will initially run for 18 months and Lighthouse
will be the preferred provider of financial advice to members of
The Social Workers Union, encompassing advice on savings,
investments, pensions and protection, plus mortgages.
The Social Workers Union is a trade union dedicated to social
work professionals and currently has 12,000 members.
This new contract further extends a growing list of affinity
partnerships for Lighthouse, which includes major employee
organisations such as UNISON, Unite, BA Clubs, Prospect, The Fire
Brigades Union and the Royal College of Nursing, highlighting
Lighthouse's capacity to deliver financial planning solutions to a
diverse and substantial audience.
John McGown, General Secretary at The Social Workers Union,
commented: "We are delighted to have secured this contract with
Lighthouse, as this will allow our members access to financial
planning assistance on a national basis and across a broad range of
financial topics, helping them to make the most of financial
planning opportunities."
Malcolm Streatfield, Chief Executive Officer of Lighthouse
commented: "We are very pleased to have secured this partnership
with The Social Workers Union. We very much look forward to
developing our relationship over the coming months and working
closely with The Social Workers Union membership to help them
address their financial planning needs. 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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