Lighthouse secures contract renewal to advise Prospect union's 142,000 members
Lighthouse Group on Tuesday won contract renewal with Prospect for a further three years from 1 June, securing Lighthouse’s status as the preferred provider of financial advice to Prospect’s members.
Financial Services
14,051.23
16:59 26/04/24
FTSE AIM All-Share
755.28
17:14 26/04/24
Lighthouse Group
33.25p
14:59 12/06/19
The AIM-traded financial advisory firm will offer advice encompassing retirement planning, mortgages and investments, for a further three years from 1 June to trade union’s 142,000 members.
The members include engineers, scientists, managers and specialists in areas as diverse as agriculture, broadcasting, defence, education and children's services, energy, environment, heritage, shipbuilding, telecoms and transport.
The union also represents some 40,000 staff, contract and freelance workers in the UK’s media and entertainment industry.
Malcolm Streatfield, chief executive of Lighthouse, said: "The board is very pleased that we have secured this contract renewal with Prospect, which serves to endorse further the quality of service and financial planning support which Lighthouse Financial Advice provides for all participating members in our affinity relationships."
Lighthouse’s affinity relationships include cooperation with major employee organisations such as UNISON, BA Clubs, Fostertalk and the Royal College of Nursing.
Mike Clancy, general secretary of Prospect, said: "We are very pleased 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, able to cater for a broad range of financial planning requirements. Given the truly national basis of our membership, it is important to us to continue to partner with an organisation which is clearly capable of supporting our members no matter where they may reside and no matter what their background."
As of 1221 BST, Lighthouse Group’s shares were unchanged at 35.00p.