The People's Pension is a British trust-based defined contribution workplace pension scheme for non-associated employers, commonly referred to as a master trust. After the UK's Pensions Act 2008 established new duties requiring employers to automatically enrol eligible workers into a workplace pension plan that meets certain minimum standards,^[1] the People's Pension was set up in 2011 by B&CE (now called People's Partnership) for employers requiring a scheme to fulfil their duties under the Act from October 2012.^[2] The People's Pension announced that its number of members had surpassed 1 million in September 2014.^[3]

In February 2025, following a review of its responsible investment policy, People's Pension withdrew £28 billion from State Street, in response to the company's retreat from Environmental, Social, and Governance principles. The People’s Pension redistributed £20 billion in developed market equity mandate managed by Amundi and invested a further £8 billion in fixed-income assets managed by Invesco. The People’s Pension retained just £5 billion with State Street, which had previously managed all of its assets.^[4]

Mark Condron, chair of trustees for The People’s Pension, explained that Amundi and Invesco were selected to "prioritise sustainability, active stewardship and long-term value creation".^[4]

In February 2025, it was reported that the People's Pension fund was valued at £33 billion and was forecast to reach £60 billion by the end of the decade.^[4]

• People's Partnership Website
• B&CE Website
• The People's Pension website
• The Report & Accounts for The People's Pension for the year ending 31 March 2014
• Pensions World article covering the announcement of the 500,000th member of The People's Pension in February 2014
• "People's Pension first master trust to gain independent assurance", Professional Pensions article covering the joint assurance framework established by TPR and the ICAEW