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 FundRock Partners Limited 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.
THE ROLE OF THE COMMITTEE:
The Committee has Terms of Reference which have been approved by the Boards of the Company and its parent 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 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.
Dean Bowden is Chief Commercial Officer at Quilter Investors
Ken joined Lighthouse in August 2012 as Group Compliance Director for the Group’s regulated businesses and served on the Lighthouse Group plc Board as Group Compliance and Risk Director between February 2014 and September 2019. He has more than 30 years’ experience in senior compliance, risk and regulatory roles within the UK financial services sector, encompassing regulatory bodies, life companies and advisory businesses. Ken has been a member of the Luceo Asset Management Investment Committee since its inception in 2016.
With over 25 years’ experience in retail financial services, working for major Life Offices including, Sun Life, Sun Life Financial Associates and Clerical Medical Investment Group, Dan has spent the last 18 years in a number of senior roles within Lighthouse Group PLC. Having held the position of Managing Director for City Trustees (The SIPP and SSAS provider), and Lighthouse Advisory Services Ltd, Dan has gained a wealth of experience in all aspects of advice distribution and is currently the Managing Director of LighthouseWealth Ltd, a wholly-owned subsidiary of Lighthouse Group plc responsible for the provision of advice to Corporate and HNW Private clients.