Lighthouse Regulatory News (LGT)

19 Apr 2006 10:03

For Immediate Release 19April2006 City Trustees Limited - Board Appointments Lighthouse Group plc today announces two key appointments to the Board of itspension administration business, City Trustees Limited. With immediate effectKevin Jack, Head of Business Standards for Lighthouse Carrwood, becomesManaging Director of City Trustees. Joining him on the Board is Marcus Maisey,a LighthouseXpress member, who is appointed Business Development Director.City Trustees became part of the Lighthouse Group in December 2005, followingthe acquisition of Carrwood Barker. These Board appointments complete themanagement re-structuring of City Trustees and follow the investment inand adoption of "SIPP Pro", a bespoke administration platform for SIPPs (SelfInvested Personal Pensions), across the business.Commenting, Malcolm Streatfield - Chief Executive of Lighthouse Group said:"Kevin and Marcus bring significant expertise to the Board of City Trustees.Their appointment underlines the importance of the Group's pensionadministration business."City Trustees is now equipped to expand rapidly as a result of "A" day changesto pension legislation in the United Kingdom, which came into effect on 6 April2006. The business benefits from access to a wide and growing distributionchannel, through the Group's 550 advisers and a current base of over 1,000 SIPPand SSAS (Small Self Administered Scheme) clients. ENDS For further information:LIGHTHOUSEGROUPPLCMalcolm Streatfield, Chief Executive 020 77768890WaughtonBill Spears 020 7796 9999Notes to EditorsThe Lighthouse Group is one of the UK's largest firms of Independent FinancialAdvisers. Lighthouse Group plc was established in October 2000 as an AIM quotednational independent wealth management group. Through a series of successfulmergers the Lighthouse Group has in excess of 550 independent financialadvisers providing advice relating to mortgage, savings, protection andinvestment products to clients across the UK.ENDLIGHTHOUSE GROUP PLC