The People's Pension

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