Lighthouse Group PLC Affinity contract renewal (1999I)
March 20 2018 - 2:00AM
UK Regulatory
TIDMLGT
RNS Number : 1999I
Lighthouse Group PLC
20 March 2018
20 March 2018
For immediate release
Lighthouse Group plc
("Lighthouse" or the "Group")
Affinity contract renewal
Lighthouse Group plc (AIM: LGT) is pleased to announce that it
has agreed the renewal of its contract with the General Federation
of Trade Unions ("GFTU") to be the preferred provider of expert
financial advice to its affiliate members.
The contract will run for two years from 1 March 2018 and under
the terms Lighthouse will be the preferred provider of financial
advice to GFTU affiliate members, encompassing advice on savings,
investments, pensions and protection, plus mortgages.
The GFTU is the federation for specialist trade unions and
sections of larger, general unions. It has 27 affiliates with some
260,000 members and provides a range of support and services, which
include education, research and project management.
This contract renewal underpins a growing list of affinity
partnerships, which includes major employee organisations such as
UNISON, UNITE, usdaw, BA Clubs, Prospect and the Royal College of
Nursing (RCN), highlighting Lighthouse's capacity to deliver
holistic financial planning solutions to a diverse and substantial
customer base on a national basis.
Doug Nicholls, General Secretary of the GFTU, commented: "We are
delighted to have secured the renewal of this contract with
Lighthouse, which will enable us to continue to facilitate
financial planning assistance for our affiliate members and ensure
that they are able to receive this in a reliable and consistent
manner, no matter what their planning requirements might be".
Malcolm Streatfield, Chief Executive Officer of Lighthouse,
commented: "The Board is very pleased that we have secured the
renewal of this partnership with the GFTU. We look forward to
developing further our relationship over the coming years and
working closely with GFTU affiliate members to assist them with
their financial planning requirements. The Board remains committed
to maintaining and enhancing the Group's affinity relationships
across the UK".
For further information, please contact:
Lighthouse Group plc
Malcolm Streatfield, Chief Executive Tel: +44 (0) 20 7065 5640
Peter Smith, Finance Director
investorenquiries@lighthousefs.uk
www.lighthousegroup.plc.uk
finnCap Limited Tel: +44 (0) 20 7220 0500
(Nominated Adviser and Broker to the Company)
Adrian Hargrave
Emily Watts
Hannah Boros
Media enquiries:
IFC Advisory Limited
Heather Armstrong Tel: +44 (0) 203 934 6630
Graham Herring
Florence Chandler
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 in the asset management and
auto-enrolment sectors.
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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