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.[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.

See also

References

  1. Details about automatic enrolment on the webpage of The Pensions Advisory Service (TPAS)
  2. Professional Pensions article covering the launch of The People's Pension
  3. Corporate Adviser article covering the announcement of the one millionth member of The People's Pension in September 2014

External links