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The People’s Pension, the UK’s largest private sector master trust pension scheme and part of B&CE, today announces that it has enrolled its 3 millionth member. The scheme hit the milestone with the enrolment of a worker from a construction company in Bristol.
The People’s Pension started enrolling members in October 2012 and since that time, has helped over 65,000 employers with their pension obligations. It now manages almost £2.3 billion in pension contributions.
The People’s Pension reached one million members in September 2014 and two million members just over a year and a half later in April 2016.
Patrick Heath-Lay, Chief Executive of B&CE said: “To reach the milestone of 3 million members in a little under six years is a fantastic achievement. Thanks to the hard work and dedication of all the team at The People’s Pension, we are proud to have contributed to the success of auto-enrolment and helped ensure that millions of workers are now saving towards their retirement.”
About The People’s Pension
The People’s Pension is the largest private sector master trust (multi-employer pension scheme) in the UK, with 3 million members and over 65,000 employers signed up. Run by B&CE, a not for profit company, it offers a simple and low cost automatic enrolment workplace pension solution for employers of any size from any sector. We tweet as @peoplespension.
B&CE is a not-for-profit organisation – we operate for the benefit of our members and their dependents. We were founded in the construction industry back in 1942. Now we offer a workplace pension, employee accident cover and employee life cover.