The People's Pension reveals plans to cut fees with move to banded structure

Holly Roach
clock • 1 min read

The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.

The four-million-member master trust, run by B&CE, will abandon its flat-rate annual management charge (AMC) of 0.5% and replace it with a banded structure, reducing fees as pot sizes grow. The ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Paul Maynard – Divining Andy Burnham's position on pensions

Paul Maynard – Divining Andy Burnham's position on pensions

The former pensions minister looks at the forces shaping government policy on pensions

Paul Maynard
clock 02 September 2026 • 5 min read
PMI launches evidence-based qualification for pension administrators

PMI launches evidence-based qualification for pension administrators

Level five qualification will recognise ‘vital importance’ of administration profession

Holly Roach
clock 01 September 2026 • 2 min read
Buzz: Does the professional trustee role need to evolve?

Buzz: Does the professional trustee role need to evolve?

Professional trustee role, awareness of IHT change burden, future of state pension, DB surplus regime

Professional Pensions
clock 01 September 2026 • 1 min read
Trustpilot