Lighthouse Group PLC Directorate Change (3966S)
December 20 2016 - 9:30AM
UK Regulatory
TIDMLGT
RNS Number : 3966S
Lighthouse Group PLC
20 December 2016
Press Release 20 December 2016
Lighthouse Group plc
("Lighthouse" or "the Group")
Directorate Change
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, announces
that Fay Williams has informed the Board that she intends to retire
from her position as Non-Executive Director at the Company's next
AGM, to be held in early May 2017.
The Board will commence the process of identifying and selecting
a suitable replacement for Fay as a Non-Executive Director in the
New Year.
Richard Last, Chairman of Lighthouse, commented: "The Board of
Lighthouse would like to thank Fay for her significant contribution
to the business during her four years' service as a director. Her
breadth of knowledge of the UK financial services industry has been
invaluable in helping the Board monitor and develop the Group's
operations. We wish her well in her retirement."
- Ends -
For further information, please contact:
Lighthouse Group plc
Richard Last, Chairman
Malcolm Streatfield, Tel: +44 (0) 20 7065
Chief Executive 5640
Peter Smith, Finance Tel: +44 (0) 1392 457850
Director
www.lighthousegroup.plc.uk
investorenquiries@lighthousefs.help
Media enquiries:
IFC Advisory Limited
Graham Herring/Tim Metcalfe/Heather Tel: +44 (0) 20 7
Armstrong 652 9788
heather.armstrong@investor-focus.co.uk www.investor-focus.co.uk
finnCap Limited
(Nominated Adviser and Broker Tel: + 44 (0) 20
to the Company) 7220 0500
Adrian Hargrave/ 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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