15 Mar 2016 07:00
Press Release | 15 March 2016 |
Lighthouse Group plc
("Lighthouse" or "the Group")
Lighthouse renews affinity contract
Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that it has agreed the renewal of its contract with Parliament Hill Limited ("Parliament Hill"), as the preferred provider of expert financial advice to its members, encompassing retirement planning, mortgages and investments, for a further two years from 1 March 2016.
Parliament Hill was established in 2004 and works with over 80 membership organisations managing members' benefits packages. Its clients include a number of major institutions and associations such as trade unions, colleges, clubs and societies. With in excess of 2 million members, Parliament Hill represents a significant contract renewal for Lighthouse.
This contract renewal underlines Lighthouse's growing list of affinity partnerships, which includes major employee organisations such as UNISON, Usdaw, Unite, BA Clubs, Prospect, and the Royal College of Nursing (RCN), highlighting Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience.
Andrew Holden, Director of Parliament Hill, commented: "We are delighted to have secured this contract renewal with Lighthouse, which will enable us to continue to facilitate financial planning assistance for our members on a truly national basis. We look forward to continuing to build our relationship with Lighthouse and ensuring that our members are able to secure robust and consistent financial advice".
Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "The Board is delighted that we have secured this contract renewal with Parliament Hill, which further endorses the high quality financial advice that Lighthouse Financial Advice provides all participating members in our affinity groups and we look forward to further developing our relationship with Parliament Hill over the coming years. The Board remains committed to increasing our affinity partnerships throughout the UK".
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For further information, please contact:
Lighthouse Group plc |
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Malcolm Streatfield - Chief Executive malcolm.streatfield@lighthousegroup.plc.uk | Tel: +44 (0) 20 7065 5640 +44 (0) 7971 050500 |
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Peter Smith - Finance Director | Tel: +44 (0) 1392 457850 |
peter.smith@lighthousegroup.plc.uk |
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| www.lighthousegroup.plc.uk |
Media enquiries:
Abchurch Communications |
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Jamie Hooper / Alex Shaw | Tel: +44 (0) 20 7398 7719 |
jamie.hooper@abchurch-group.com | www.abchurch-group.com |
finnCap Limited |
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(Nominated Adviser and Broker to the Company) | Tel: + 44 (0) 20 7220 0500 |
Adrian Hargrave / Matt Goode / Emily Watts |
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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 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 April 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 $467 Billion of funds world-wide and is 63 per cent. owned by AXA, with Bridge Trustees Limited, a subsidiary of Eversheds LLP, acting as a corporate trustee.
In June 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.
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/