24 Sep 2015 13:00
Press Release | 24 September 2015 |
Lighthouse Group plc
("Lighthouse" or "the Group")
Lighthouse agrees auto-enrolment introducer agreement with Avensure
Lighthouse Group plc (AIM:LGT), the national financial adviser of choice for Middle Britain, is pleased to announce that it has agreed a new introducer agreement with Avensure Limited ("Avensure"), to assist Avensure customers in meeting their auto-enrolment requirements.
Avensure is an insurance-backed employment law and health and safety specialist consultancy that offers a premium, personalised HR, Employment Law and Health and Safety advisory service with documentation and training to a substantial client base.
This new agreement extends further Lighthouse's reach into the auto-enrolment and workplace solutions market through its Lighthouse Workplace Solutions offerings. In March 2014, the Group launched the multi-employer unbundled Master Trust product, the Lighthouse Pensions Trust, to enable small and medium-sized enterprises to fulfil their auto-enrolment obligations in an efficient and cost-effective way. In addition the Lighthouse Life Trust was launched in June 2015, to enable those employers who have selected the Lighthouse Pensions Trust as their auto-enrolment solution to insure their employees for death-in-service life assurance cover.
Christopher Garner, Managing Director of Avensure, commented: "We are delighted to have secured this agreement with Lighthouse, which will enable us to assist our customers not only to meet their auto-enrolment obligations in a timely and cost-effective manner, but also be supported in this process and in other areas of financial advice need by Lighthouse, a business which shares our commitment to delivering service to the highest standards."
Malcolm Streatfield, Chief Executive Officer of Lighthouse, commented: "The Board is delighted that we have secured this partnership with Avensure. We look forward to developing our relationship over the coming years and working closely with Avensure and its clients to assist them in meeting their auto-enrolment requirements and providing highly valued workplace solutions for their employees."
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For further information, please contact:
Lighthouse Group plc |
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Malcolm Streatfield - Chief Executive | Tel: +44 (0) 20 7065 5640 +44 (0) 7971 050500 |
malcolm.streatfield@lighthousegroup.plc.uk | www.lighthousegroup.plc.uk |
Media enquiries:
Abchurch Communications |
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Jamie Hooper / Alex Shaw | Tel: +44 (0) 20 7398 7719 |
jamie.hooper@abchurch-group.com | www.abchurch-group.com |
finnCap Limited |
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(Nominated Adviser and Broker to the Company) | Tel: + 44 (0) 20 7220 0500 |
Matt Goode / Emily Watts |
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About Lighthouse Group plc
As one of the UK's largest autonomous financial advice and wealth management Groups and winner of FT Business's Large IFA of the Year Award for three years in succession 2010-2012, 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 5 million members.
Lighthouse has been listed on AIM since 2000 and presents 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.
The Group aims to increase its relationships with and the benefits it derives from its relationships with affinity groups and professional partners.
In April 2014 Lighthouse announced the launch of its Lighthouse Pensions Trust ("LPT"), an unbundled multi-employer Master Trust product that provides a cost-effective and one-stop shop service to enable small- and medium- sized enterprises ("SMEs"), under the Group's Lighthouse Workplace Solutions ("LWS") branded service. Some 1.8 million SMEs are required to establish auto-enrolment compliant pension schemes for their employees between July 2015 and March 2018. LPT utilises target date funds managed by Alliance Bernstein, which manages $486 Billion of funds world-wide and is 63 per cent. owned by AXA, with a subsidiary of Eversheds acting as the corporate trustee.
In June 2014 the Group announced an extension of its LWS offering with the launch of the Lighthouse Life Trust, again an unbundled multi-employer occupational Master Trust product that enables those businesses that have agreed to adopt LPT to meet their auto-enrolment obligations to 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. The scheme is underwritten by Zurich Assurance Limited with Bridge Trustees as corporate trustee.
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/
About Avensure Limited
Avensure Ltd prides itself on delivering the best service in truly tailored outsourced HR & Health & Safety solutions. It provides a comprehensive range of services to a range of clients across multiple sectors, consisting of all sized businesses.
Avensure's clients and progressive partnerships include household names from, but not restricted to, the franchising sector, healthcare (including supporting GP federations and CCG groups), education, care, retail & hospitality and the licensing trade. They are proud to be recognised as official suppliers by the BFA (British Franchise Association) and work closely with a range of other associations and organisations including an exclusive partnership with Dere Street Barristers Employment team.
Avensure's motto, 'different, with good reason,' manifests in the experience provided to its clients and innovations in service delivery, particularly in the area of knowledge transfer, and has seen it make substantial gains in its own growth year-on-year. It is this progressive approach that has gained the business substantial recognition in the industry and additionally resulted in recently being selected as a finalist in two categories for the EN Entrepreneur of the year awards; 'Most Entrepreneurial company of the year' and 'Financial & Professional Services Entrepreneur' for their Managing Director, Christopher Garner and Director, Andrew Hennessy.
Avensure operates nationwide from its head office in Manchester city centre, with additional national field-based presence & support.
They are a recent recipient of the Investors in People Gold Award who found the culture to be "absolutely professional and with a greater understanding of what 'good' looks like".
For more information please visit: http://avensure.com