B&CE launches super trust pension with no admin charge

The workplace pension provider, which has traditionally provided savings vehicles for lower-earners working in construction, has unveiled its multi-employer scheme, the People's Pension. It comes after Danish provider NOW: Pensions launched its low-cost auto-enrolment offering on 1 November, which charged a 0.3% annual management charge (AMC) and £1.50 per month. The People's Pension charges an AMC of 0.5%, with no other fees and no penalties on transfers in or out. It offers three investment approaches to members, all of which end with a 15-year de-risking glide path to retirement...