The_People's_Pension

The People's Pension

The People's Pension

Add article description

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 (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.

References

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


Stub icon

This article about an organisation in the United Kingdom is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article The_People's_Pension, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.