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
- ↑ Details about automatic enrolment on the webpage of The Pensions Advisory Service (TPAS)
- ↑ Professional Pensions article covering the launch of The People's Pension
- ↑ 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
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