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Lighthouse Group PLC (LGT)

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Wednesday 31 October, 2018

Lighthouse Group PLC

Renewal of affinity contract

RNS Number : 7672F
Lighthouse Group PLC
31 October 2018


31 October 2018

Lighthouse Group plc

("Lighthouse" or "the Group")


Renewal of 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 the Bakers, Food and Allied Workers' Union as the preferred provider of expert financial advice to its members, encompassing retirement planning, mortgages and investments, for a further three years from 1 September 2018.

The Bakers, Food and Allied Workers' Union (BFAWU) is the only independent Trade Union operating within the food industry and has been representing workers in the Food industry and allied trades since 1847. BFAWU currently represents around 17,000 members.   

This contract renewal underlines Lighthouse's already impressive list of affinity partnerships, which includes major employee organisations such as UNISON, BA Clubs, Fire Brigades Union and Prospect, further highlighting Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience.   

Ronnie Draper General Secretary of the Bakers, Food and Allied Workers' Union (BFAWU) commented: "We are delighted to have secured this contract renewal with Lighthouse, which will enable us to continue to ensure that our members are able to access financial planning assistance from a reliable and well reputed organisation, on a truly national basis. We look forward to continuing to develop our relationship with Lighthouse and ensuring that our members are able to secure quality service and consistent professional financial advice".

Malcolm Streatfield, Chief Executive Officer of Lighthouse commented: "The Board is very pleased that we have secured this contract renewal with the Bakers, Food and Allied Workers' Union (BFAWU), which provides further endorsement of the quality of service and financial planning support which Lighthouse Financial Advice provides to all participating members of our affinity group partners. We very much look forward to progressing further our relationship with BFAWU over the years ahead. The Board remains committed to developing further our affinity partnerships throughout the UK".         

For further information, please contact:

Lighthouse Group plc

Malcolm Streatfield - Chief Executive

Peter Smith - Group Finance Director

Tel: +44 (0) 20 7065 5640

[email protected]


finnCap Limited

(Nominated Adviser and Broker to the Company)

Tel: + 44 (0) 20 7220 0500


Julian Blunt /Emily Watts/Hannah Boros


Alice Lane


Media enquiries:

IFC Advisory Limited

Graham Herring/Heather Armstrong/  

Florence Chandler

Tel: +44 (0) 20 3934 6630

[email protected]


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 affinity group 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.

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:


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