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.
gollark: Fuse the nitrogen in the air into somethingorother.
gollark: How about a magic box which makes power from dirt?
gollark: Why not make...A CREATIVE CAPACITOR?
gollark: Dyson swarms are hard to make, you know.
gollark: It's not like you can build decent self-replicators on another planet or anything.
References
- "Automatic Enrolment - The Pensions Advisory Service". Pensions Advisory Service.
- "B&CE launches super trust to rival NEST". www.professionalpensions.com. November 9, 2011.
- "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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