View more on these topics

ScotEq in distribution first with Lighthouse

Scottish Equitable is the first provider to sign a distribution agreement with Lighthouse Group’s retirement division.

Under the deal, ScotEq, whose parent Aegon owns 9.9 per cent of the listed IFA, will provide Lighthouse’s 550 RIs with straight-through processing, including valuations, on its e-commerce pension products, including stakeholder and personal pensions.

Lighthouse says its RIs will still have access to the whole of market, albeit without online capabilities.

Two other pension prov-iders will be signed up to LighthouseRetire in due course.

Fellow shareholders Friends Provident and Norwich Union have signed similar distribution deals with LighthouseProtect. Abbey, which is not a shareholder, has the same protection arrangement and Friends and Standard Life have signed up to LighthouseInvest.

A Lighthouse spokesman says: “We are using a number of headline providers on each program which will enable IFAs to do everything online with that particular provider. This does not stop IFAs using anyone else but the headline providers would not sign up if they were not going to get more business by doing so.”


Abbey made FSA threat after fee error

Abbey has been forced to apologise to Abacus Assurance Financial for threatening FSA action against the broker for the return of money that it had incorrectly paid to another company.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm