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Lighthouse Group reports maiden profit

Lighthouse Group has announced its interim results showing a maiden pre-tax profit of 112,000 compared to a 142,000 loss this time last year.

The group’s combined turnover increased 36 per cent to 20.5m, increasing by 5.4m compared to 2005.

Total funds under advice increased by 39 per cent, by approximately 4bn since June 30, 2005. Turnover per adviser increased approximately 71,000 on an annualised basis.

Lighthouse Group executive chairman David Hickey says: “We are delighted with these excellent results for Lighthouse which mark a significant milestone in the groups development. These first ever pre-tax profits provide a solid start for continued future growth and we look forward to further progress for the full year.


Clawback extension to cut churning

Commission clawback periods on personal and stakeholder pensions are set to increase to five years as part of an industrywide bid to clamp down on churning, says Scottish Widows. This would have a major impact on IFAs, with firms such as Aegon and Widows currently operating clawback periods of between 27 months and three years […]

Product matters

It is difficult to look at the Kent Reliance intergenerational mortgage as a product as it is more of an initiative. This idea is long on concept and short on detail. The only place I managed to find information on this mortgage is in the press as the Kent Reliance website had no information and […]


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