The People's Pension

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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'.

Contents

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 (now called 'People's Partnership') 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.

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References

  1. "Automatic Enrolment - The Pensions Advisory Service". Pensions Advisory Service.
  2. "B&CE launches super trust to rival NEST". www.professionalpensions.com. November 9, 2011.
  3. "Corporate Adviser article covering the announcement of the one millionth member of The People's Pension in September 2014".