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

• Pensions in the United Kingdom
• UK labour law
• Basic state pension
• The Pensions Regulator
• National Employment Savings Trust

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

• 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
• Link to Professional Pensions article covering the joint assurance framework established by TPR and the ICAEW