Lighthouse Group PLC Regulatory approval & listing of CPT Master Trust
June 01 2017 - 2:00AM
RNS Non-Regulatory
TIDMLGT
Lighthouse Group PLC
01 June 2017
01 June 2017
Lighthouse Group plc
('Lighthouse" or "the Group")
TPR approval and listing for Group's Master Trust auto-enrolment
solution
Lighthouse Group plc (AIM: LGT), the national financial advisory
group and preferred financial adviser to 19 affinity partners with
a combined membership of more than 6 million individuals, announces
the approval and listing of its sponsored master trust by the
Pensions Regulator ("TPR")
The Corporate Pensions Trust ("CPT" or the "Trust"), launched in
November 2013, is a multi-employer pensions Master Trust, utilising
age-based target date funds managed by Alliance Bernstein, and has
three corporate trustees.
The Lighthouse Pensions Trust ("LPT"), which is an employer
category within CPT, is unique in being the only fully advised
workplace pensions solution for employers needing to comply with
their auto-enrolment legal obligations. It provides access to a
network of locally based specialists who will guide employers right
through the auto-enrolment process from initial data gathering and
option selection to establishing the scheme and managing changes on
an on-going basis thereafter.
There is also a category under the Trust Pensions brand for
employers who wish to comply with their auto-enrolment obligations
but who do not require separate advice on the process.
The Trust obtained accreditation in December 2016 under the
Master Trust assurance framework, which confirms that the Trust has
the robust internal controls and governance required by the rules
of the ICAEW AAF 02/07 (technical release 07/14). TPR confirmed its
approval and formal recognition of CPT in April 2017 and is listing
CPT on its website from today.
Commenting on the official listing of the Corporate Pensions
Trust, including the Lighthouse Pensions Trust, Malcolm
Streatfield, Chief Executive of Lighthouse Group plc. said:
"The listing of our Master Trust solution by the Pensions
Regulator is a key milestone for the Group. It means that employers
who have yet to stage auto-enrolment compliant workplace pension
schemes in 2017 or 2018, as well as those who have staged since
2012, can be confident that, in choosing LPT as their
auto-enrolment solution, they have selected a provider that offers
value for money, the highest standards of corporate governance,
focused on good member outcomes, and is financially secure. The
Lighthouse Pensions Trust, together with the Group's allied
offering, the Lighthouse Life Trust (for death-in-service life
assurance benefits without individual medical underwriting), offers
a one-stop solution for employers seeking to provide workplace
pensions, all with local support as and when needed."
- Ends -
For further information, please contact:
Lighthouse Group plc
Malcolm Streatfield, Tel: +44 (0) 20 7065
Chief Executive 5640
www.lighthousegroup.plc.uk
finnCap Limited
(Nominated Adviser and Tel: + 44 (0) 20
Broker to the Company) 7220 0500
Adrian Hargrave / Emily
Watts/ Hannah Boros
Media enquiries:
IFC Advisory Limited
Tel: +44 (0) 20
Heather Armstrong/ Tim Metcalfe/ Graham Herring 3053 8671
heather.armstrong@investor-focus.co.uk www.investor-focus.co.uk
About Lighthouse Group plc
Lighthouse has been listed on AIM since 2000 as an integrated
financial services company for investors, coupled with significant
scale in terms of distribution through financial advisers and
wealth managers and its fully diversified business model.
As one of the UK's largest autonomous financial advice and
wealth management groups, Lighthouse provides a comprehensive range
of services to businesses and individuals and is retained by most
of the major trades unions and other affinity groups to advise
their combined memberships of over 6 million members.
The Group aims to increase its relationships with, and the
benefits it derives from, its relationships with affinity groups
and professional partners.
In addition to a wide range of financial advice, the Group has
developed innovative products to meet the specific needs of its
retail and corporate customers. These comprise:
-- Luceo Asset Management, launched in September 2016 to provide
a range of investment solutions to retail investors. The initial
solution comprise five multi-manager, fund of fund, investment
portfolios matching to customers' agreed risk profiles, with
Octopus Investments Limited as the initial Investment Adviser.
These are available across a number of platforms, including the
Lighthouse Zurich Platform, in partnership with Zurich and;
-- The Lighthouse Pensions and Life Trusts, unbundled
multi-employer Master Trust products that provide cost-effective
and one-stop shop solutions for small- and medium- sized
enterprises ("SMEs"), to meet their obligations to establish
auto-enrolment compliant pension schemes for their employees by 31
March 2018. (up to 1 million SMEs have to do so) and provide
death-in-service life assurance cover for all of their employees
aged between 16 and 65, for the same cost per benefit, at very
competitive rates, regardless of age, gender, location or
pre-existing medical conditions.
Lighthouse operates from its headquarters in London as well as
having principal operating offices in Stockport and Woodingdean,
near Brighton.
For more information please visit:
http://www.lighthousegroup.plc.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
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