Lighthouse Group to launch simplified advice service

It will cater for what joint chief executive Malcolm Streatfield dubs The Great Dispossessed - those consumers disenfranchised as a result of the RDR - as well as people who "for whatever reason" do not want or need to see an adviser face-to-face. Streatfield says a typical client may require life assurance with no investment content, an annuity up to a value of £50,000 or a straightforward savings product such as an ISA. The group wants to reach out to those members of its affinity partnerships who have basic advice needs, which it estimates could be as many as half, equating to mill...