The People's Pension

The People's Pension is a British trust-based defined contribution workplace pension scheme for non-associated employers, commonly referred to as a master trust. After the UK's Pensions Act 2008 established new duties requiring employers to automatically enrol eligible workers into a workplace pension plan that meets certain minimum standards,[1] the People's Pension was set up in 2011 by B&CE (now called People's Partnership) for employers requiring a scheme to fulfil their duties under the Act from October 2012.[2] The People's Pension announced that its number of members had surpassed 1 million in September 2014.[3]

References

  1. ^ "Automatic Enrolment - The Pensions Advisory Service". Pensions Advisory Service.
  2. ^ "B&CE launches super trust to rival NEST". www.professionalpensions.com. November 9, 2011.
  3. ^ "Corporate Adviser article covering the announcement of the one millionth member of The People's Pension in September 2014".

External links

  • People's Partnership Website
  • B&CE Website
  • The People's Pension website
  • The Report & Accounts for The People's Pension for the year ending 31 March 2014
  • Pensions World article covering the announcement of the 500,000th member of The People's Pension in February 2014
  • "People's Pension first master trust to gain independent assurance", Professional Pensions article covering the joint assurance framework established by TPR and the ICAEW


  • v
  • t
  • e