New Affinity Contract Win

Released : 30/08/2017 07:00

RNS Number : 2263P
Lighthouse Group PLC
30 August 2017


Press Release

30 August 2017


Lighthouse Group plc

("Lighthouse", the "Group" or the "Company")

New Affinity contract win

Lighthouse Group plc (AIM: LGT), the national financial adviser of choice for Middle Britain, with 19 affinity relationships representing over 6 million members, is pleased to announce that it has agreed a new contract with The Social Workers Union to be the preferred provider of financial advice to its members.

The contract will initially run for 18 months and Lighthouse will be the preferred provider of financial advice to members of The Social Workers Union, encompassing advice on savings, investments, pensions and protection, plus mortgages.

The Social Workers Union is a trade union dedicated to social work professionals and currently has 12,000 members.

This new contract further extends a growing list of affinity partnerships for Lighthouse, which includes major employee organisations such as UNISON, Unite, BA Clubs, Prospect, The Fire Brigades Union and the Royal College of Nursing, highlighting Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience.

John McGown, General Secretary at The Social Workers Union, commented: "We are delighted to have secured this contract with Lighthouse, as this will allow our members access to financial planning assistance on a national basis and across a broad range of financial topics, helping them to make the most of financial planning opportunities."

Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "We are very pleased to have secured this partnership with The Social Workers Union. We very much look forward to developing our relationship over the coming months and working closely with The Social Workers Union membership to help them address their financial planning needs. The Board remains committed to increasing our affinity partnerships throughout the UK".

- Ends -


For further information, please contact:

Lighthouse Group plc

Malcolm Streatfield - Chief Executive

Peter Smith - Group Finance Director

Tel: +44 (0) 20 7065 5640      



finnCap Limited

(Nominated Adviser and Broker to the Company)

Tel: + 44 (0) 20 7220 0500

Adrian Hargrave/Emily Watts


Media enquiries:

IFC Advisory Limited

Graham Herring/Tim Metcalfe/Heather Armstrong

Tel: +44 (0) 20 3053 8671



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. These comprise:

·     Luceo Asset Management, launched in September 2016 to provide a range of investment solutions to retail investors. The initial five solutions comprise multi-manager, fund of fund, investment portfolios matching to customers' agreed risk profiles, with Octopus Investments Limited as the initial Investment Adviser. The Luceo Fund range is available across a number of leading platforms, including the Lighthouse Zurich Platform provided in partnership with Zurich; and

·     The Lighthouse Pensions and Life Trusts, unbundled multi-employer Master Trust products that provide cost-effective and one-stop shop solutions for small- and medium- sized enterprises ("SMEs"), to meet their obligations to establish auto-enrolment compliant pension schemes for their employees by 31 March 2018 (some 600,000 SMEs have yet to do so) and 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.

Lighthouse operates from its headquarters in London as well as having principal operating offices in Stockport and Woodingdean, near Brighton


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