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New Lighthouse division to target corporate pensions

Lighthouse Group is bringing its 50 most expert pension advisers into a new division which will target the corporate pension market.

Lighthouse Corporate Benefits will target small and medium-sized firms with a range of employee benefits solutions.

Fifty of the firm&#39s advisers – either G60 qualified or with an AFPC qualification – will be jointly registered with the new operation. Lighthouse already manages group personal pension schemes with up to 800 members.

Chief executive Malcolm Streatfield says the move is in response to increasing demand for defined-contribution solutions to company pensions.

The national IFA, which has around 600 IFAs and 250 non-regulated advisers, says pension business accounts for around one-third of its turnover.

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