LV= and Lighthouse Group announce fund distribution deal

LV= Asset Management (LVAM), the fund management arm of mutual insurance and investment group LV=, and Lighthouse Group have agreed a distribution deal for four proposed OEIC sub-funds.

Under the terms of the deal, LVAM's Multi Manager & Fund Selection Team, headed by Tom Caddick, will manage the funds which will be sold and distributed through the Lighthouse platform.

The funds are expected to launch in July 2008, subject to regulatory approval.

Expected TER at launch will be circa 1.8%

Tom Caddick, Head of Multi Manager & Fund Selection comments: "This is a very positive step forward for our broader retail asset management plans. We're pleased to be entering into this agreement with Lighthouse and look forward to working closely with the Lighthouse Group in the future".

Malcolm Streatfield, Chief Executive of Lighthouse Group, said: "Lighthouse Group is very pleased to further our relationship with LV= again. These four funds will prove to be excellent additions to our adviser's product offering. We look forward to helping LV= in their development of this area of their business."