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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. The People's Pension was set up 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 that it had accepted its one millionth member.
References
The People's Pension Wikipedia(Text) CC BY-SA