The People’s Pension is one of these. It’s basically a pension scheme that multiple employers can use – with independent Trustees who look after pension savings on behalf of all the employees who are members.
Also known as a ‘multi-employer scheme’.
In August 2019, The People’s Pension was granted master trust authorisation. This was a regulation overseen by The Pensions Regulator that all master trusts needed to meet to continue operating. It means The People’s Pension is recognised and approved by The Pensions Regulator as a master trust that’s properly run and governed in the best interest of its members.