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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lighthouse Group Plc | LSE:LGT | London | Ordinary Share | GB0009779116 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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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June 01, 2017 02:00 ET (06:00 GMT)
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