Lighthouse is launching a multi-employer master trust using Birthstar target date funds managed by AllianceBernstein as default funds.
The master trust, which will launch on 3 March, will be called the Lighthouse Pensions Trust. Bridge Trustees Limited, a professional trustee company owned by Eversheds LLP, will act as independent trustee.
The scheme will offer employer assistance with planning and HR/payroll administration
All information about the scheme and interaction with it can be delivered through a Lighthouse AE App which will initially be made accessible across Apple devices to members, employers and Lighthouse advisers.
Employers will be able to personalise their component of the Trust and the Lighthouse App.
Employers will be offered pre-staging assistance and the handling of employer-facing administration, scheme registration and compliance from inception and year by year as well as access to an auto-enrolment hub.
Employer and employee charges will be published on February 25.
Lighthouse Group chief executive Malcolm Streatfield says: “The board is delighted to announce the launch of the ‘Lighthouse Pensions Trust’. This positions Lighthouse as a leader in the corporate market and further demonstrates the board’s commitment to being the national adviser of choice for Middle Britain.
“It is specifically aimed at the employers of Middle Britain, for which market capacity may otherwise be an issue, and provides a comprehensive and streamlined auto-enrolment solution, making it easy for employers to meet their legal obligations within a governance structure focused on good member outcomes and value for money.”