# The People's Pension

The People’s Pension is a well-established UK workplace pension provider, designed specifically to meet the needs of employers and employees in the era of auto-enrolment. Operated by B&CE, a not-for-profit organisation, The People’s Pension is tailored to suit businesses of all sizes, offering a straightforward, flexible, and affordable solution to help employees save for retirement.

The People’s Pension provides a **master trust arrangement**, meaning it is governed independently, ensuring strong oversight and transparency. The scheme is designed to comply with all legal requirements, making it easy for employers to meet their auto-enrolment obligations while offering a valuable benefit to their workforce. Employees benefit from low charges, clear communication, and access to a range of investment options tailored to meet their retirement goals.

### **The Main Benefits for Employees**

- **Financial Security in Retirement**  
Employees can save for their future through a simple, reliable pension scheme. Regular contributions from both employees and employers help build a secure retirement fund.

- **Low Charges for Members**  
The People’s Pension offers competitive fees, ensuring that more of the employee’s contributions go toward building their retirement pot. This includes a single annual management charge of 0.5%, which reduces further for larger pots.

- **Investment Growth Potential**  
Employees can choose from three investment profiles—Cautious, Balanced, and Adventurous—depending on their risk appetite. These funds are professionally managed, aiming to deliver steady growth over time.

- **Tax Advantages**  
Employees benefit from tax relief on their pension contributions, making the scheme highly cost-effective. For example, basic-rate taxpayers effectively pay only £80 for every £100 contributed.

- **Flexible Access to Pension Savings**  
Upon reaching retirement age, employees can choose from several options, including taking a lump sum, buying an annuity, or using income drawdown, offering flexibility in how they access their savings.

- **User-Friendly Online Portal**  
The People’s Pension provides members with an easy-to-navigate online account where they can track contributions, view fund performance, and manage their personal details.

- **Portability**  
The scheme allows employees to consolidate old pensions into their People’s Pension pot, simplifying management and potentially reducing fees.

### **The Main Benefits for Employers**

- **Compliance with Auto-Enrolment**  
The People’s Pension makes it easy for employers to meet their legal duties under auto-enrolment legislation. From enrollment to contribution processing, the platform ensures full compliance and simplifies the entire process.

- **Cost-Effective Solution**  
As a not-for-profit provider, The People’s Pension is focused on delivering value. Employers can offer a high-quality pension scheme without incurring excessive costs, making it a viable option for businesses of all sizes.

- **Streamlined Administration**  
The People’s Pension offers a user-friendly employer portal that integrates seamlessly with payroll systems, reducing administrative burden and saving time. Automated processes ensure contributions are handled accurately and efficiently.

- **Employee Retention and Attraction**  
Providing a robust pension scheme enhances an organisation’s employee benefits package, helping attract and retain top talent. It demonstrates a commitment to employee welfare, fostering loyalty and engagement.

- **Dedicated Support**  
Employers benefit from dedicated account management and access to a customer support team that provides guidance on setting up and managing the scheme.

- **Tailored Solutions for Different Business Sizes**  
Whether an employer has a single worker or thousands, The People’s Pension adapts to meet the needs of businesses at every scale, offering flexibility and personalized service.

### **Special Features to Highlight**

- **Master Trust Governance**  
The People’s Pension operates as a master trust, meaning it is governed independently by a board of trustees. This ensures the scheme prioritizes member benefits and adheres to high standards of governance and transparency.

- **Support for Smaller Employers**  
The scheme is designed to be accessible even for small businesses, offering a simplified setup process and minimal administrative overhead.

- **Dedicated Onboarding Service**  
New employers receive comprehensive onboarding support, ensuring a smooth transition into the scheme. This includes step-by-step guidance and access to educational resources.

- **Ethical Investment Options**  
The People’s Pension offers members the choice of ethical investment funds, allowing employees to align their pension savings with their personal values.

- **Scalable and Future-Proof**  
The platform’s flexibility means it can scale with a growing business, ensuring long-term usability as workforce numbers increase or organizational needs evolve.

- **Comprehensive Member Communication**  
The People’s Pension emphasises clarity and simplicity in its communications, providing members with easy-to-understand guides, regular updates, and transparent fund performance reports.