LV= takes 9.99pc stake in Lighthouse Group

As part of the agreement, Liverpool Victoria, which recently rebranded to LV=, will give Lighthouse exclusive access to provide independent financial advice to the friendly society’s affinity group members, including 10 of the UK’s largest trade unions and its 42 “whole of market” face-to-face advisers. Eight telephone advisers will be offered the opportunity to transfer to new self-employed contracts with Lighthouse. The £1.9m deal will see Lighthouse issue 4,172,672 new shares, equating to 4.99pc of the total enlarged Lighthouse shares to LV=. The friendly society will take a fur...