Lighthouse renews deal with GFTU for another two years

Lighthouse Group has agreed the renewal of its contract with the General Federation of Trade Unions (GFTU) to be the preferred provider of expert financial advice to its affiliate members, it announced on Tuesday.

The AIM-traded company said the contract would run for two years from 1 March, and under the terms Lighthouse would be the preferred provider of financial advice to GFTU affiliate members, encompassing advice on savings, investments, pensions and protection, plus mortgages.

It described the GFTU as the federation for specialist trade unions and sections of larger, general unions.

The GFTU has 27 affiliates with some 260,000 members, providing a range of support and services including education, research and project management.

“We are delighted to have secured the renewal of this contract with Lighthouse, which will enable us to continue to facilitate financial planning assistance for our affiliate members and ensure that they are able to receive this in a reliable and consistent manner, no matter what their planning requirements might be,” said GFTU general secretary Doug Nicholls.

Lighthouse said the contract renewal underpinned a “growing list” of affinity partnerships, which included major employee organisations such as UNISON, UNITE, usdaw, BA Clubs, Prospect and the Royal College of Nursing, which the board claimed highlighted its capacity to deliver holistic financial planning solutions to a diverse and substantial customer base on a national basis.

“The board is very pleased that we have secured the renewal of this partnership with the GFTU,” said Lighthouse CEO Malcolm Streatfield.

“We look forward to developing further our relationship over the coming years and working closely with GFTU affiliate members to assist them with their financial planning requirements.

“The board remains committed to maintaining and enhancing the group's affinity relationships across the UK.”