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The People's Pension
The People's Pension
Smart Pension
NOW: Pensions
Provider credentials
Length of time providing pensions in the UK? Over 40 years Over 8 years Over 15 years Over 11 years
Defaqto rating
5 stars
4 stars
5 stars
2 star
Employers signed up Over 100,000 Over 70,000 Over 1m Over 30,000
Number of members enrolled Over 6m Over 1m Over 12m Over 2m
Funds under management Over £20bn Over £4bn Over £33bn Over £3bn
Pension features
Tax relief at source?
Relief at source is the default option.
Net pay arrangement also available
Net pay arrangement only
Net pay arrangement only
Help with submitting the declaration of compliance to The Pensions Regulator?
Help with re-enrolment?
Guide, checklist, report to identify who to re-enrol, email reminders and online information
Online information
Online information
At retirement guidance?
Assessment tool?
How many fund options are available? 8 17 6 2
Uncrystallised Funds Pension Lump Sum option available?
Flexi Access Drawdown available?
Salary sacrifice available?
Employee management charge? 0.50% 0.30% 0.30% 0.30%
Employee rebate on management charge?
Between 0.1% for savings over £3,000 and 0.3% for savings over £50,000
Other employee charges?
£0.38 per month (equivalent to around £4.50 per year) - this charge is not taken from pots below £104.50 when the charge is calculated
£1.25 per month (equivalent to around £15 per year) - this charge is not taken from pots below £100 when the charge is calculated
1.8% of every contribution
£1.75 per month depending on earnings (equivalent to around £21 per year) - this charge is not taken from pots below £100 when the charge is calculated
Employer charges?
One-off set-up charge of £500 plus VAT, but reduced to £300 plus VAT if signing up through an adviser, accountant, bookkeeper or other payroll professional
May add a monthly employer account charge of £15+VAT - plus a £30 charge if employers pay contributions by BACS
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 size up 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.

Information taken from Defaqto and company websites and awarding bodies.

Comparisons based on information sourced in January 2024.

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.