Your Workplace Pension merges with The People's Pension

Almost 9,000 members and 70 employers have been moved across to the UK's largest private-sector master trust which has about £2bn of assets. JLT Employee Benefits managed the project. The merger, finalised 15 December, means The People's Pension now provides assistance to an additional 70 employers with their automatic enrolment duties for more than 8,700 members, and will result in more than £5m in annual contributions set to rise to around £10m per annum following the mandatory increase in minimum pension contributions this week. Commenting on the transfer, The People's Pension grou...