One million members have been auto-enrolled into the People’s Pension since its launch in October 2012, chief executive Patrick Heath-Lay has announced.
The provider of financial benefits to construction industry employers and individuals said it was an important milestone and it was now providing benefits to over two million people.
B&CE said its People’s Pension was geared towards low-to-moderate earners in industries with high staff turnover, such as construction, manufacturing, facilities management and retail.
Adviser view
Bob Wilson, financial adviser at Norwich-based GreenSky Wealth, said: “B&CE have been in the market for a long time and I have been impressed. Its stakeholder plan included some useful auxiliary benefits, which you did not get with general stakeholder pensions.”
