20 Mar 2018 07:00
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 Peter Smith, Finance Director | Tel: +44 (0) 20 7065 5640 |
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 Graham Herring Florence Chandler
| Tel: +44 (0) 203 934 6630 |
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/