Liverpool Victoria has acquired a 4.99% share in the Lighthouse Group as part of a deal which will see the life insurer transfer its adviser base to the IFA and allow Lighthouse to provide advice to the insurer's affinity group members.
In a statement to the London Stock Exchange (LSE), the Lighthouse Group says the exclusive relationship deal will provide the firm with an opportunity to advise more than five million members of Liverpool Victoria's affinity groups, including Unison and the GMB. Arrangements have been made to allow LV’s 42 whole-of-market face-to-face and eight telephone advisers, to start registration with Lighthouse immediately in order to achieve a “seamless handover of adviser and client relationships”. As a result, LV will earn a share of commission from whole-of-market sales achieved by Lighthou...
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