The People's Pension

The People's Pension is a British trust-based defined contribution workplace pension scheme for non-associated employers, commonly referred to as a master trust. After the UK's Pensions Act 2008 established new duties requiring employers to automatically enrol eligible workers into a workplace pension plan that meets certain minimum standards, the People's Pension was set up in 2011 by B&CE (now called People's Partnership) for employers requiring a scheme to fulfil their duties under the Act from October 2012. The People's Pension announced that its number of members had surpassed 1 million in September 2014.