Lighthouse signs advice deal with fostering agency

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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”.