(Sharecast News) - Financial advisory firm Lighthouse Group has agreed the renewal of its contract with the Bakers, Food and Allied Workers' Union, it announced on Wednesday, as the preferred provider of expert financial advice to its members.
The AIM-traded firm said the deal encompassed retirement planning, mortgages and investments, and was for a further three years from 1 September.
It said the BFAWU was the only independent trade union operating within the food industry, and had been representing workers in the industry and allied trades since 1847.
BFAWU currently represented around 17,000 members.
The contract renewal underlined Lighthouse's "already impressive" list of affinity partnerships, the board claimed, which included major employee organisations such as UNISON, BA Clubs, Fire Brigades Union and Prospect, and further highlighted Lighthouse's capacity to deliver financial planning solutions to a diverse and substantial audience, it said. "We are delighted to have secured this contract renewal with Lighthouse, which will enable us to continue to ensure that our members are able to access financial planning assistance from a reliable and well reputed organisation, on a truly national basis," said BFAWU general secretary Ronnie Draper. "We look forward to continuing to develop our relationship with Lighthouse and ensuring that our members are able to secure quality service and consistent professional financial advice." Malcolm Streatfield, chief executive officer of Lighthouse, said the company's board was "very pleased" that it had secured the contract renewal with the BFAWU, which he said provided further endorsement of the quality of service and financial planning support which Lighthouse gave to all participating members of its affinity group partners. "We very much look forward to progressing further our relationship with BFAWU over the years ahead. "The board remains committed to developing further our affinity partnerships throughout the UK."
Investors should be aware that past performance is not a reliable indicator of future results and that the price of shares and other investments, may fall as well as rise and the amount realised may be less than the original sum invested.
Walker Crips Group plc (Old Change House, 128 Queen Victoria Street, London EC4V 4BJ), registered in England, registered number 1432059, incorporates the following companies which are authorised and regulated by the Financial Conduct Authority: Walker Crips Investment Management Limited registered in England number 4774117 member of the London Stock Exchange, Walker Crips Wealth Management Limited registered in England number 3790291, Ebor Trustees Limited registered in England number 3514268, Barker Poland Asset Management LLP registered in England and Wales number OC341149.