9th Jan 2015 08:30
LONDON (Alliance News) - Lighthouse Group PLC on Friday said it has signed a deal with online financial advice company Money on Toast to provide individual savings account and general investment account planning advice via an online process.
Under the deal, Lighthouse will initially offer the facility to two of its affinity group partners, the Royal College of Nursing and the CSMA Club, for a six-month trial period. After the trial, it will roll out the service to other clients.
"We are delighted to partner with Money on Toast to provide this excellent new online service to two of our affinity group partners, both of which have welcomed this as a positive development for their members," said Lighthouse Chief Executive Malcolm Streatfield.
"We look forward to reporting the conclusion of a successful trial in six months' time and then rolling this service out to our other affinity partners," Streatfield added.
Lighthouse shares were untraded on Friday morning, having last traded at 4.55 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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