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 Lighthouse...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
