The People's Pension
The People’s Pension is a United Kingdom trust based defined contribution workplace pension scheme for non-associated employers, commonly referred to as a 'master trust'.
History[]
The UK Pensions Act 2008 established new duties which require employers to automatically enrol eligible workers into a workplace pension plan that meets certain minimum standards.[1] The People's Pension was set up[2] by B&CE in 2011 for employers requiring a scheme to fulfil their duties under the Act from October 2012. In September 2014 The People's Pension announced[3] that it had accepted its one millionth member.
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[]
- 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
Categories:
- Pensions in the United Kingdom
- 2011 establishments in the United Kingdom