Lighthouse launches in-house investment arm

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Lighthouse Group has launched an in-house investment proposition powered by Octopus Investments and the Zurich platform.

Luceo Asset Management has launched with three risk-targeted multi-manager funds run by Octopus and available through the newly set-up Lighthouse Zurich platform.

The deal between Lighthouse and Zurich has been agreed for a five-year term.

Fund performance will be regularly reviewed by the Luceo investment committee, which includes former Suffolk Life chairman Alex Scott-Barrett and Lighthouse group compliance director Ken Paterson.

Lighthouse group chief executive Malcolm Streatfield says: “We are delighted to launch Luceo Asset Management and to add the Luceo investment funds to our already well established range of financial solutions for Middle Britain.

“The introduction of the funds will provide appropriate, high quality investment solutions to our clients, and we expect them to prove to be very attractive to the group’s customers and advisers. We look forward to extending the Luceo investment range further in the future.”