The People's Pension Explained

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

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