The People's Pension
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The People’s Pension is a trust based defined contribution workplace pension scheme for non-associated employers, commonly referred to as a 'master trust'.
Background
The Pensions Act 2008 established new duties which require employers to 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
- B&CE Website
- The People's Pension website
- The Report & Accounts for The People's Pension for the year ending 31 March 2014
- Professional Pensions article covering the launch of The People's Pension
- Pensions World article covering the announcement of the 500,000th member of The People's Pension in February 2014
- Corporate Adviser article covering the announcement of the one millionth member of The People's Pension in September 2014
- Details about automatic enrolment on the webpage of The Pensions Advisory Service (TPAS)
- Table in Pensions World showing key features of a range of master trust pension schemes
- Link to Professional Pensions article covering the joint assurance framework established by TPR and the ICAEW
- 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
- The Pension Regulator’s code of practice for DC schemes on the TPR website
- Link to UK Government web page announcing five millionth person to be automatically enrolled
