The People’s Pension reaches £30bn assets under management

The People’s Pension¹ has today crossed a significant milestone in its path to becoming one of the largest asset owners in the world after reaching £30bn in assets under management (AUM).

The largest independent master trust in the UK, expects to reach £50bn AUM within the next five years and is set to become one of the world’s top 100 asset owners in the next decade².

People’s Partnership, which provides The People’s Pension to more than 6.5 million members from over 100,000 employers, is one of the fastest growing asset owners in the country, having grown from £5bn AUM since 2018, with The People’s Pension processing over £4bn a year in contributions.
Commenting, Patrick Heath-Lay, Chief Executive Office of People’s Partnership, said:

“This is a very significant moment for us, and we are on a path to becoming a £100 billion fund, which would make us one of the biggest in the world. Becoming a major asset owner will enable us to invest in a wider range of asset classes with the aim of generating higher returns and even more value for money for our members. It will also mean that we can have more of a positive influence on environmental and social standards companies need to meet to be invested in our portfolio.”

“As a business without shareholders, our increasing scale gives us the ability to deliver exceptional value directly back to members. Our success going forward will be built on ensuring that we continue to do the right things for our members.”

Mark Condron, Chair of The People’s Pension Trustee, said:

“To reach £30 billion assets under management just 12 years after the launch of The People’s Pension is hugely significant. Our growing scale allows us to deliver greater value through improved portfolio diversification, reduced risk, and enhanced returns.”

ENDS

For further details, please contact Blaise Tapp, the media relations manager at People’s Partnership on 01293205336 or blaisetapp@peoplespartnership.co.uk