Lighthouse Group PLC Lighthouse Wins New Affinity Contract
October 26 2016 - 1:00AM
RNS Non-Regulatory
TIDMLGT
Lighthouse Group PLC
26 October 2016
Press Release 26 October 2016
Lighthouse Group plc
("Lighthouse" or "the Group")
Lighthouse wins new affinity contract
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 a new contract with Fire
Brigades Union (FBU) to be the preferred provider of expert
financial advice to its members.
The contract will run for three years and under the terms,
Lighthouse will be the preferred provider of financial advice to
FBU members, encompassing advice on savings, investments, pensions
and protection, plus mortgages. Founded in 1918, FBU represents a
membership of 36,000 fire service professionals, as well as 7,000
retired members.
This new contract highlights Lighthouse's capacity to deliver
financial planning solutions to a diverse and substantial
audience.
Dave Green, National Officer of Fire Brigades Union, commented:
"We are pleased to have finalised this contract with Lighthouse.
The new arrangements will enable our members to access invaluable
financial planning assistance. Many find themselves in complex
financial circumstances, and they will now be able to maximise
opportunities they may not have known existed to secure their and
their families' futures."
Malcolm Streatfield, Chief Executive Officer of Lighthouse,
commented: "The Board is delighted that we have secured this
partnership with the Fire Brigades Union, a new and exciting
engagement for us. We look forward to developing our relationship
over the coming years and working closely with FBU members, who
themselves are dedicated to helping others, and to assisting them
with their financial planning requirements. 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
+44 (0) 7971 050500
malcolm.streatfield@lighthousegroup.plc.uk www.lighthousegroup.plc.uk
Media enquiries:
IFC Advisory Limited
Graham Herring/Tim Metcalfe/Heather Tel: +44 (0) 20 3053
Armstrong 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
Matt Goode / Emily Watts
About Lighthouse Group plc
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 5 million members.
Lighthouse has been listed on AIM (LGT) since 2000 and presents
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.
The Group aims to increase its relationships with and the
benefits it derives from, its relationships with affinity groups
and professional partners.
In 2014 Lighthouse announced the launch of its Lighthouse
Pensions Trust ("LPT"), an unbundled multi-employer Master Trust
product that provides a cost-effective and one-stop shop service to
enable small- and medium- sized enterprises ("SMEs"), under the
Group's Lighthouse Workplace Solutions ("LWS") branded service.
Some 1.8 million SMEs are required to establish auto-enrolment
compliant pension schemes for their employees between July 2015 and
March 2018. LPT utilises target date funds managed by Alliance
Bernstein, which manages $489 Billion of funds world-wide and is 63
per cent. owned by AXA, with Bridge Trustees Limited, a subsidiary
of Eversheds LLP, acting as one of three corporate trustees and
providing the Chair of the Trustee Board.
In 2015 the Group announced an extension of its LWS offering
with the launch of the Lighthouse Life Trust, again an unbundled
multi-employer occupational Master Trust product that enables those
businesses that have agreed to adopt LPT to meet their
auto-enrolment obligations to 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. The scheme is underwritten by Zurich Assurance Limited
with Bridge Trustees Limited as corporate trustee.
On 16 September 2016 the Group announced the launch of its Luceo
Asset Management business, providing 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.
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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