View more on these topics

Lighthouse signs advice deal with fostering agency

Streatfield-Malcolm-Lighthouse-2013-700x450.jpg

Network Lighthouse has signed a two year deal to provide financial advice services to FosterTalk, a firm that provides support services for 30,000 foster carers.

The tie-up sees the network give advice across retirement planning, mortgages and investments. It is the latest in a series of affinity partnerships that means Lighthouse provides advice to staff at Unite, Unison, the Royal College of Nursing and The Royal College of Midwives.

In March consolidator AFH Financial Group pulled out of a potential deal to buy Lighthouse saying it was “disappointed” by the network’s approach to the bid.

FosterTalk managing director Melody Douglas says: “We are delighted to have agreed this contract with Lighthouse, which will enable us to facilitate financial planning assistance and solutions for our members on a truly national basis.

“We look forward to developing our relationship with Lighthouse and ensuring that our members are able to secure robust and consistent financial advice.”

Lighthouse chief executive Malcolm Streatfield says: “The board is delighted that we have won this contract with FosterTalk, which further endorses the high quality financial advice that Lighthouse Financial Advice provides all participating members in our affinity groups.

“We look forward to developing our relationship with FosterTalk over the coming years. The board remains committed to increasing our affinity partnerships throughout the UK”.         

Recommended

AFH Alan Hudson 700

AFH abandons Lighthouse takeover deal

IFA consolidator AFH Financial Group has pulled out of a potential deal to buy advice network Lighthouse Group saying it is “disappointed” by Lighthouse’s approach to the bid. In a scathing statement published today, AFH sys it does not now intend to make an offer for Lighthouse, after Lighthouse rejected a £17.4m takeover bid last […]

Streatfield-Malcolm-Lighthouse-2013
1

Lighthouse rejects £17m AFH takeover bid

Lighthouse Group has rejected a £17.4m acquisition by advice consolidator AFH. A stock market announcement published today reveals AFH approached Lighthouse earlier this month with a takeover deal valuing Lighthouse shares at 13p. However yesterday the Lighthouse Board confirmed it has rejected the initial offer. AFH says it is considering whether it will make changes […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment