Employers with a staging date of January 2016 onwards who sign up with The People’s Pension from Monday 23 November will now pay a one off set up charge of £500 + VAT for all the support they’ll need for the life of the scheme. Employers with a 2015 staging date who sign up from Friday 1 January onwards will also be charged. There will be no ongoing charges for employers, and the low annual management charge of 0.5% for members will remain. Employers signing up through an intermediary will pay a reduced charge of £300 + VAT.
There is an opportunity for employers to establish a scheme with The Peoples Pension fee free if they have a completed application accepted before 5.00pm on the 20th November. We work with advisers that can assist you with the application process so please contact Vicki Harper to discuss next steps.