OUR INVESTMENT

COMMITTEE

The Luceo Asset Management Investment Committee has been established to provide an independent oversight over the various counterparties, Octopus Investments as the Investment Adviser and Fund Partners as the Authorised Corporate Director (which has regulatory responsibility for and administers the Funds), involved in the operation and running of the Luceo Investment Funds. Fund Partners is the Authorised Corporate Director for Luceo Asset Management, selected for their years of experience in delivering this service.

THE ROLE OF THE COMMITTEE:

The Committee has Terms of Reference which have been approved by the Boards of the Company and the ultimate holding company, Lighthouse Group plc, under which it will monitor and if appropriate make recommendations about all aspects of the Luceo Investment Funds.  The Committee will report direct to the Boards of the Company and of Lighthouse Group plc and it will meet at least quarterly, with the permanent members being joined by regular attendees, including the Investment Adviser and the Authorised Corporate Director.

WHAT DOES THE COMMITTEE DO:

– Review adherence to fund objectives.
– Review investment performance and outcomes.
– Review operational performance and management of the Luceo Investment Funds.
– Receive and consider reports from the Investment Adviser.
– Receive and consider reports from the Authorised Corporate Director.

The Committee comprises both non-executive and executive members, with the latter not exceeding fifty per cent. The committee currently has four permanent members, two non-executive and two Lighthouse executives, who are as follows:

MARK LYNAM

Mark has over 25 years investment and business management experience, gained at both fund manager and Chief Investment Officer level. In addition, he has undertaken marketing and sales management roles at Managing DIrector and Director level in both institutional and retail management businesses. Currently Mark manages an FCA regulated investment business and is registered as a qualified investment adviser.

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ANN ROUGHEAD

Ann is a qualified solicitor and has more than 30 years’ experience of the retail financial services market. She is a non-executive director of Columbia Threadneedle Investments Limited and Columbia Threadneedle Investment Services Limited and is a committee member of the Integrity and Ethics Committee of the Chartered Institute of Securities and Investments. She previously held senior positions with LV= Asset Management, Citigroup and JP Morgan Fleming.  Ann serves as a non-executive representative on the Group’s Luceo Asset Management Investment Committee.

KEN PATERSON

Ken was appointed to the Board as Group Compliance and Risk Director on 12 February 2014. He has more than 20 years’ experience in senior compliance, risk and regulatory roles within the UK financials services sector, encompassing regulatory bodies, life companies and advisory businesses. Ken joined Lighthouse in August 2012 as Group Compliance Director for the Group’s regulated businesses and has contributed fully as part of the management team since that date.

ANDY GADD

Andy Gadd has been Head of Research at Lighthouse Group since 2003. He is an individually Chartered Fellow of the Chartered Securities Institute (Chartered FCSI) and Chartered Wealth Manager. He also holds the Diploma in Financial Planning of the Personal Finance Society (DipPFS) and the Investment Management Certificate of the Institute of Investment Management and Research (IMC). He has worked in financial services since 1985.