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

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