10th Feb 2009 07:00
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Press Release |
10 February 2009 |
Lighthouse Group plc
("Lighthouse" or "the Group")
Appointment to the Financial Services Practitioner Panel
Lighthouse Group plc (AIM: LGT), the UK's largest autonomous Independent Financial Advice and Wealth Management group, today announces that Malcolm Streatfield, Joint Chief Executive of the Group, has been appointed to the Financial Services Practitioner Panel ('the Panel') with effect from 1 February 2009.
The Panel is an independent body established to monitor the effectiveness of the Financial Services Authority ('FSA') from an industry standpoint. It is composed of senior figures from all sectors of the financial services industry, and Lighthouse's presence on the Panel is indicative of its standing within the industry, as well as Malcolm's profile among the IFA community.
David Hickey, Executive Chairman of Lighthouse Group, said: "We are delighted to announce Malcolm's appointment to this important industry panel. It reflects his highly regarded position within the sector and is a significant achievement."
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For further information, please contact:
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Lighthouse Group plc |
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David Hickey, Executive Chairman |
Tel: +44 (0) 20 7065 5646 |
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Allan Rosengren, Joint Chief Executive |
Tel: +44 (0) 117 929 1012 |
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Malcolm Streatfield, Joint Chief Executive |
Tel: +44 (0) 20 7065 5646 |
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www.lighthousegroup.plc.uk |
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Shore Capital and Corporate Limited |
Tel: +44 (0) 20 7408 4090 |
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(Nominated Adviser to the Company) |
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Dru Danford |
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Stephane Auton |
Media enquiries:
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Abchurch Communications |
Tel: +44 (0) 20 7398 7700 |
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Heather Salmond |
Tel: +44 (0) 20 7398 7704 |
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Joanne Shears |
Tel: +44 (0) 20 7398 7709 |
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www.abchurch-group.com |
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Winningtons PR |
Tel: +44 (0) 117 920 0092 |
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Tom Cooper |
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Notes to Editors
About Lighthouse Group plc
Lighthouse Group is the largest autonomous provider of independent financial advice, wealth management and distribution of retail financial products in the UK, with in excess of £6 billion of funds under advice. The Group is cash generative and profitable.
Lighthouse Group provides support to approximately 900 IFAs across the UK who, in turn, provide fully independent financial planning advice to both private and corporate clients via its operating divisions including LighthouseCarrwood, LighthouseTemple, Falcon Group, LighthouseXpress, LighthouseFSAS, LighthouseGP Lighthouse Group Employee Benefits and City Trustees.
Based in major operational centres across Britain, the Group has grown through both organic growth and key strategic acquisitions since being admitted to AIM in October 2000.
About the Financial Services Practitioner Panel
The Financial Services Practitioner Panel monitors the effectiveness of the Financial Services Authority and ensures that the views, concerns and interests of practitioners are properly represented in UK financial services regulation. The Panel consists of high level financial services executives covering all aspects of the industry.
The Panel's key objectives are to monitor the overall effectiveness and performance of the FSA, to communicate specific industry concerns to the FSA and represent their interests generally, and promote the international competitiveness and innovative nature of the UK markets. At the same time, the Panel recognises that practitioners' interests are best served by ensuring wholesale and retail clients' prosperity and financial awareness.
It aims to take a high-level strategic view, and to complement the excellent work of the trade associations, with whom it maintains close links.
It provides input at an early stage of the regulatory decision-making processes. This enables it to be more effective and add value at a point at which Panel members' seniority and relevant expertise is put to optimal use.
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