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Eloise Henderson
Head of Strategic Communications
T: 01293 205335
M: 07741 384460
E: media@bandce.co.uk

Blaise Tapp
Media Relations Manager
T: 01293 205336
M: 07388 943700
E: blaisetapp@bandce.co.uk


The Trustee of The People’s Pension has today announced that it has appointed State Street Global Advisors (SSGA) as its investment platform provider.

The decision, taken by The People’s Pension Trustee Board that looks after the pensions of 1.6 million people, is the first step in implementing a new investment approach that responds to the changing needs of its members, the market and the pension freedoms that came into effect in April 2015.

Steve Delo, Trustee Chair of The People’s Pension, said:

“We are delighted to appoint SSGA to provide the investment platform for The People’s Pension. As a Trustee Board we are always reviewing our partners and suppliers to ensure that we are delivering the best value for our 1.6 million members and are looking forward to our future partnership with SSGA.”

Patrick Heath-Lay, Chief Executive Officer of B&CE, said:

“We have been working with The Trustee Board in undertaking a wide-ranging review of investment and at retirement options for members of The People’s Pension in light of new at retirement flexibilities introduced earlier this year and the changing needs of the market.

“We have some exciting plans for the future and the move to SSGA is the first step in bringing those plans to life.”

Nigel Aston, Head of European Defined Contribution at State Street Global Advisors, said:

“We are really excited and delighted to be appointed by The People’s Pension at such an exciting and revolutionary time for the pensions industry following the introduction of the new retirement freedoms.

“The People’s Pension is an important and valued partner with a shared goal to support pension savers in achieving the best possible outcomes in retirement.”

Further details about the transition and the future investment approach of The People’s Pension will be communicated in due course.

Notes to editors

About The People’s Pension

The People’s Pension is the largest private sector mastertrust (multi-employer pension scheme) in the UK, with 1.6 million members and over 14,000 employer accounts.

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.

About State Street Global Advisors

For nearly four decades, State Street Global Advisors has been committed to helping our clients, and those who rely on them, achieve financial security.

We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines.

With trillions* in assets, our scale and global reach offer clients unrivalled access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions.

State Street Global Advisors is the investment management arm of State Street Corporation.

*Assets under management were $2.4 trillion as of June 30, 2015. Please note that AUM totals are unaudited.

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