National financial adviser has agreed a new contract with the Association Of Teachers and Lecturers to be the preferred provider of expert financial advice to its members.
The contract will run for three years and under the terms Lighthouse will be the preferred provider of financial advice to ATL members, encompassing advice on savings, investments, pensions and protection, plus mortgages.
The Association of Teachers and Lecturers is an independent, registered trade union and professional association representing about 170,000 teachers, headteachers, lecturers and support staff in maintained and independent nurseries, schools, sixth form, further and higher education colleges and universities in England, Wales and Northern Ireland.
This contract represents a new association for Lighthouse and extends further the group’s list of affinity partnerships, which includes major employee organisations such as Unison, Usdaw, Unite, BA Clubs, Prospect, Parliament Hill and the Association of School and College Leaders.
Peter Pendle, deputy general secretary of ATL, said: “We are delighted to have secured this contract with Lighthouse, which will enable us to facilitate financial planning assistance for our members on a truly national basis and at a time of unprecedented change in the financial planning landscape.”
Malcolm Streatfield, chief executive of Lighthouse, said: “We look forward to developing our relationship over the coming years and working closely with ATL members to assist them with their financial planning requirements.
“The board remains committed to increasing our affinity partnerships throughout the UK.”
Earlier this year the Aim-listed advisers posted a profit before tax of £600,000 for 2014 with an increase in advisers’ average annualised revenue a factor.
For 2013 the company, which provides advice to personal and corporate clients through advisers across the UK, posted a loss of £1.6m.
emma.hughes@ft.com
