Lighthouse Group wins contracts with Parliament Hill and Prospect

20th Mar 2014 10:20

Shares in financial advisor Lighthouse Group rose after saying it has signed a two-year contract with Parliament Hill and renewed a contract with Prospect. The contract with Prospect, the UK's largest union for professional engineers, has been expanded for a further three years. Lighthouse has provided financial advice to Prospect since 2007.Lighthouse said Parliament Hill, which supplies employee benefit packages to clients including trade unions, colleges, clubs and societies, represents another "significant affinity partner contract".Malcolm Streatfield, Chief Executive Officer of Lighthouse, said: "The board is delighted that LFA has secured this partnership with Parliament Hill and to have achieved a further increase in the number of affinity contracts for LFA. "The contract renewal with Prospect is a further endorsement of the high quality financial advice that LFA provides all participating members in our affinity groups."Shares gained 6.9% to 3.88p at 10:37 on Thursday. RD