Costs and charges

What is the charge cap?

The charge cap is a government-set limit. It’s the annual amount that can be charged to savers in default arrangements …

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What are my employees’ charges?

We charge employees a low management charge of 0.5% each year (well below the industry charge cap of 0.75%). That’s …

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How much do you charge employers who sign up to The People’s Pension?

The employer set-up charge is £500 plus VAT. There’s a reduced charge of £300 plus VAT for those who sign …

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Why are you charging employers who sign up to The People’s Pension?

We know that small businesses need simple tools, phone-based support during set-up and when making contributions for the first time, …

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What are my employees being charged?

We charge employees a low management charge of 0.5% each year (well below the industry charge cap of 0.75%). That’s …

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What annual management charge (AMC) do my employees pay?

We charge employees a low management charge of 0.5% each year, well below the industry charge cap of 0.75%. That’s …

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Are there any ongoing charges for the employer other than the set-up charge?

No, all services provided are included within the set-up charge.  

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Employer charges – who will this affect?

The one-off set-up charge only applies to employers who started sign-up after 23 November 2015 with a staging date of …

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Do you charge larger employers?

The one-off set-up charge only applies to employers who started sign-up after 23 November 2015 with a staging date of …

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I already have a company in your scheme and want to add another. Will I be charged?

No. Existing employer customers adding new subsidiary companies to the scheme won’t be charged, and neither will existing customers who’ve …

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