Lighthouse Group is to transfer its auto-enrolment business to Smart Pension after a strategic review by the business concluded the incoming master trust regulations would significantly increase the associated costs.
Following the announcement by the Pensions Regulator (TPR) of a new authorisation regime for master trusts, which comes into operation on 1 April 2019, the national financial advisory group began a strategic review of its Corporate Pensions Trust (CPT). This is the unbundled master trust incorporating the Lighthouse Pensions Trust, the group's proprietary solution for small and medium-sized businesses looking to meet their obligations to provide auto-enrolment compliant workplace pension schemes. According to Lighthouse, the review has decided TPR's new regime "will significantly incr...
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