Lighthouse's Streatfield: Our plans for returning to profit

Financial advice group Lighthouse posted pre-tax loss of £1.6m for 2013, albeit a marked improvement on its pre-Retail Distribution Review (RDR) losses of £4.6m. The firm was blighted by the Arch Cru and Keydata scandals, having paid out £1.2m in consumer redress linked to the sales of Arch Cru products, following the regulator's s404 review. However, chief executive Malcolm Streatfield argues the future is looking bright for Lighthouse. The group, which attributed a chunk of this year's losses to the exodus of advisers after January 2013, has since heavily invested in new advisers...