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B&CE began by creating simple financial products to meet people’s needs. That’s how we’ve run our business ever since.
In 1942, unions and employer federations created us because construction workers – who tended to move jobs frequently – needed a way to build up holiday pay. We launched a scheme that was simple but effective for workers, and hassle-free for employers.
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Every week a construction worker would buy a stamp to stick on a card. Then they’d cash in the card to give themselves money to live on when they took a holiday. This was not too far from the idea of a pension. And so began the B&CE story.
Over time, construction workers needed more than just a holiday pay scheme. So we created more financial products and grew our membership – always making sure people got the product they needed. When the construction industry needed a workplace pension, we created one.
And when we saw that working people in other sectors also needed a high quality workplace pension, we knew exactly what to do: we created The People’s Pension.
With a wealth of experience behind us, we’re now looking for more ways to meet the needs of working people in construction and other sectors, with simple, good value products and benefits.
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