It has been launched in conjunction Clerical Medical. The LighthouseRetire Step allows Lighthouse advisers to source products from two designated providers, Clerical Medical and Scottish Equitable via its LighthouseXpress e-commerce platform, as well as allowing access to leading products from across the whole market.
Clerical Medical has been in the field for over 180 years, offering pensions, investments and long-term savings. This arrangement will provide Lighthouse’s 550 advisers access to Clerical Medicals e-commerce retirement savings and plans, such as the FutureProof Individual Pensions Plan, and the FutureProof Free-Standing Additional Voluntary Contribution Plan.
The new distribution agreement provides an e-commerce link to select providers whilst still providing whole of market advice. The e-Office system, LighthouseXpress, is a IT platform providing a back office solution linked to the Lighthouse commission, compliance and marketing systems.
John Hiew, Managing Director of Clerical Medical said, “Our decision to become part of the LighthouseRetire Step reflects our ongoing commitment to the independent sector of the intermediary market. Our strength as an established provider of competitive pre and post retirement planning solutions, combined with Lighthouse Group’s support structure, makes us a natural fit. We look forward to developing a successful long term relationship with the Group.”
Malcolm Streatfield, Chief Executive of Lighthouse Group commented: "We want to be able to offer out advisers improved access to the best products and so we are very pleased to be able to confirm this distribution agreement with a provider of the standing of Clerical Medical."
