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EasyBuild transfer to The People's Pension

Why have you decided to close the B&CE EasyBuild Stakeholder Pension?

We believe The People’s Pension will be better for members, as there are lower annual management fund charges, the same …

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When will you make the switch?

1 September 2017. From this date: No further contributions can be made after your August 2017 schedule. All contributions after …

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How can you transfer pension savings to The People’s Pension without employees’ specific consent?

The EasyBuild Rules and Policy Conditions (the contract between your employees and B & C E Insurance Limited) have been amended …

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How many members will be affected by the closure of EasyBuild?

Around 500,000 EasyBuild members will be impacted.

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Why would transferring our employees’ EasyBuild pension savings to The People’s Pension be in their best interests?

The People’s Pension has lower annual management fund charges than EasyBuild. The People’s Pension has the same investment choices as …

View full answer >>

What paperwork do we need to complete to switch our EasyBuild scheme to The People’s Pension?

If you haven’t already signed up to use The People’s Pension, you’ll need to complete and return a Deed of …

View full answer >>

What happens if my employees don’t know what to do?

To help them decide what to do, your employees may want to take independent financial advice on the impact of …

View full answer >>

What happens if my employees (in EasyBuild) don’t want to become members of The People’s Pension?

You’ll need to stop making contributions for them. They’ll also need to contact us direct, if they don’t want us …

View full answer >>

What happens if you don’t hear from my employees?

If you don’t hear from your employees, we’ll transfer their EasyBuild pension savings as quickly as possible after the latest of …

View full answer >>

I’m happy to use The People’s Pension as my chosen workplace pension scheme, do I need to do anything?

There’s a few things you’ll need to do: Make sure your account is up-to-date and any August payments settled by …

View full answer >>
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EasyBuild transfer to The People's Pension

Why have you decided to close the B&CE EasyBuild Stakeholder Pension?

We believe The People’s Pension will be better for members, as there are lower annual management fund charges, the same …

View full answer >>

When will you make the switch?

1 September 2017. From this date: No further contributions can be made after your August 2017 schedule. All contributions after …

View full answer >>

How can you transfer pension savings to The People’s Pension without employees’ specific consent?

The EasyBuild Rules and Policy Conditions (the contract between your employees and B & C E Insurance Limited) have been amended …

View full answer >>

How many members will be affected by the closure of EasyBuild?

Around 500,000 EasyBuild members will be impacted.

View full answer >>

Why would transferring our employees’ EasyBuild pension savings to The People’s Pension be in their best interests?

The People’s Pension has lower annual management fund charges than EasyBuild. The People’s Pension has the same investment choices as …

View full answer >>

What paperwork do we need to complete to switch our EasyBuild scheme to The People’s Pension?

If you haven’t already signed up to use The People’s Pension, you’ll need to complete and return a Deed of …

View full answer >>

What happens if my employees don’t know what to do?

To help them decide what to do, your employees may want to take independent financial advice on the impact of …

View full answer >>

What happens if my employees (in EasyBuild) don’t want to become members of The People’s Pension?

You’ll need to stop making contributions for them. They’ll also need to contact us direct, if they don’t want us …

View full answer >>

What happens if you don’t hear from my employees?

If you don’t hear from your employees, we’ll transfer their EasyBuild pension savings as quickly as possible after the latest of …

View full answer >>

I’m happy to use The People’s Pension as my chosen workplace pension scheme, do I need to do anything?

There’s a few things you’ll need to do: Make sure your account is up-to-date and any August payments settled by …

View full answer >>
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