Compare master trust workplace pensions

Please note, the information in the table below does not currently include our £2.50 annual charge. We’re working on updating this.

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The People's Pension
Smart Pension NEST NOW: Pensions
Provider credentials
Length of time providing pensions in the UK? Over 37 years Over 5 years Over 9 years Over 8 years
i Defaqto rating
5 stars
4 stars
5 stars
2 stars
Employers signed up Over 94,000 Over 115,000 Over 750,000 Over 30,000*
Number of members enrolled Over 4.98m Over 892,000 Over 8.5m Over 1.5m*
i Funds under management Over £9.1bn Over £420m Over £8.1bn Over £1.4bn
Pension features
i Tax relief at source?
Relief at source is the default option.
Net pay arrangement also available
Net pay arrangement only
Relief at source only
Net pay arrangement only i
i Help with submitting the declaration of compliance to
The Pensions Regulator?
i Help with automatic
Guide, checklist, report to identify who to re-enrol, email reminders and online information.
Online information
Online information.
At retirement guidance?
Online & partnered with LV=
i Assessment tool?
How many fund options are available? 8 i 14 i 6 i 2 i
Uncrystallised Funds Pension Lump Sum option available? i
Flexi Access Drawdown available? i
Salary sacrifice available? i
Monthly employee charge?
£1.50 per month depending on earnings.
Employee annual management charge? i 0.50% 0.75% 0.30% 0.30%
Employee rebate on annual management charge? i
i Contribution charge?
1.8% of every contribution
Employer charges?
One-off charge to the employer is £500 plus VAT, but reduced to £300 plus VAT if signing up through an adviser, accountant, bookkeeper or other payroll professional. i
Ongoing monthly charge between £12.50 and £36 + VAT (based on number of employees and use of payroll bureau)

Employer case study: Debra Hayes, Group Pensions Director, Rentokil

The People’s Pension offers the complete pension package to meet the unique needs of any organisation, large or small, in any sector. Hear why Debra Hayes, Group Pensions Director at Rentokil, chose us and her great experience of our support:

We measure up pretty well don’t we?

Find out more about The People’s Pension, why employers should choose us and how to sign up.

Ready to sign up?

Signing up with The People’s Pension is quick, easy and there’s plenty of help along the way.

The information contained here is for general information purposes only and we accept no responsibility or liability for the use, reference to or reliance on any information contained here.
Comparisons based on information sourced at November 2019, taken from Defaqto, company websites and awarding bodies.
*The number of employers signed up and number of members enrolled with NOW: Pensions, however, was taken from the last known reported figure as at 1 December 2017.