The People's Pension: Difference between revisions

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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

^ "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

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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[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".

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+'''The People's Pension''' is a British [[Trust (law)|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 [[automatic enrolment|automatically enrol]] eligible workers into a workplace pension plan that meets certain minimum standards,<ref>{{Cite web|url=https://www.pensionsadvisoryservice.org.uk/about-pensions/pensions-basics/automatic-enrolment|title=Automatic Enrolment - The Pensions Advisory Service|website=Pensions Advisory Service}}</ref> 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.<ref>{{Cite web|url=https://www.professionalpensions.com/news/2123864/b-ce-launches-super-trust-rival-nest|title=B&CE launches super trust to rival NEST|date=November 9, 2011|website=www.professionalpensions.com}}</ref> The People's Pension announced that its number of members had surpassed 1 million in September 2014.<ref>{{Cite web|url=http://www.corporate-adviser.com/news-and-analysis/latest-news/peoples-pension-claims-top-spot-as-it-hits-million-mark/2014031.article|title=Corporate Adviser article covering the announcement of the one millionth member of The People's Pension in September 2014}}</ref>
-'''The People’s Pension''' is a trust based [[defined contribution]] workplace [[pension]] scheme for non-associated employers, commonly referred to as a [[Master Trust|'master trust']].
-==Background==
+==References==
+<references/>
-The [[Pensions Act 2008]] established new duties which require employers to [[automatic enrolment|automatically enrol]] eligible workers into a workplace pension plan that meets certain minimum standards. The People's Pension was set up by [[B&CE]] for employers requiring a scheme to fulfil their duties under the Act.
-==See also==
-* [[Pensions in the United Kingdom]]
-* [[UK labour law]]
-* [[Basic state pension]]
-* [[The Pensions Regulator]]
-* [[National Employment Savings Trust]]
 ==External links==
+* [https://peoplespartnership.co.uk/ People's Partnership Website]
 * [http://bandce.co.uk/ B&CE Website]
 * [http://thepeoplespension.co.uk/ The People's Pension website]
 * [http://bandce.co.uk/files/2014/11/TPP-Annual-Report.pdf The Report & Accounts for The People's Pension for the year ending 31 March 2014]
-* [http://www.professionalpensions.com/professional-pensions/news/2123864/b-ce-launches-super-trust-rival-nest Professional Pensions article covering the launch of The People's Pension]
 * [http://www.pensionsworld.co.uk/pw/article/the-people%E2%80%99s-pension-auto-enrols-500000-12330951 Pensions World article covering the announcement of the 500,000th member of The People's Pension in February 2014]
+* [http://www.professionalpensions.com/professional-pensions/news/2367086/people-s-pension-first-master-trust-to-gain-independent-assurance "People's Pension first master trust to gain independent assurance"], Professional Pensions article covering the joint assurance framework established by TPR and the [[ICAEW]]
-* [http://www.corporate-adviser.com/news-and-analysis/latest-news/peoples-pension-claims-top-spot-as-it-hits-million-mark/2014031.article Corporate Adviser article covering the announcement of the one millionth member of The People's Pension in September 2014]
-* [http://www.pensionsadvisoryservice.org.uk/about-pensions/pensions-basics/automatic-enrolment Details about automatic enrolment on the webpage of [[Pensions Advisory Service|The Pensions Advisory Service (TPAS)]]]
-* [http://www.pensionsworld.co.uk/pw/files/survey_table_3.jpg Table in Pensions World showing key features of a range of master trust pension schemes]
-* [http://www.professionalpensions.com/professional-pensions/news/2367086/people-s-pension-first-master-trust-to-gain-independent-assurance Link to Professional Pensions article covering the joint assurance framework established by TPR and the [[ICAEW]]]
-* [https://www.gov.uk/government/consultations/better-workplace-pensions-putting-savers-interests-first Link to the UK Government web page covering the consultations on plans to apply a charge cap of 0.75% of funds under management on default funds of DC pension schemes from April 2015]
-* [http://www.thepensionsregulator.gov.uk/codes/code-governance-administration-occupational-dc-trust-based-schemes.aspx The Pension Regulator’s code of practice for DC schemes on the TPR website]
-* [https://www.gov.uk/government/news/standing-ovation-as-auto-enrolment-hits-5-million-and-auto-transfer-launch-plans-are-unveiled Link to UK Government web page announcing five millionth person to be automatically enrolled]
+{{DEFAULTSORT:People's Pension}}
 [[Category:Pensions in the United Kingdom]]
+[[Category:2011 establishments in the United Kingdom]]
+{{UK-org-stub}}