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