4th Jun 2015 08:44
LONDON (Alliance News) - Lighthouse Group PLC Thursday launched its Life Trust, aimed at employers already signed up with its Pensions Trust to automatically enrol their employees into workplace pensions schemes that want to insure their workers for death-in-service life assurance cover.
The financial adviser said that employees aged 16-65 will be covered by Lighthouse Life Trust, with Bridge Trustees Ltd as independent trustees and Zurich Assurance Ltd as the scheme underwriter, "for the same cost per benefit, at very competitive rates, regardless of age, gender, location or pre-existing medical conditions".
"The launch of the Lighthouse Life Trust is part of the group's strategic workplace solutions development to provide smaller and medium-sized employers with a straightforward "one-stop shop" for all work-related benefits," Chief Executive Malcolm Streatfield said in a statement.
"Fee tariffs for the Lighthouse Pensions Trust have also been streamlined, to make it even easier for SMEs to stage auto-enrolment compliant pension schemes," the CEO added.
Lighthouse shares were untraded on Thursday morning. The stock last traded at 6.85 pence.
By Samuel Agini; [email protected]; @samuelagini
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