Provider comparison
NEST vs People's Pension
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Nest and The People's Pension are both workplace pension master trusts built around auto-enrolment. Nest is run by a public corporation accountable to Parliament. The People's Pension is provided by People's Partnership, which has no shareholders.
- Free for employers. There are no charges for employers.
- Public corporation. Run by Nest Corporation, accountable to Parliament through the DWP.
- Fund choices. Retirement Date Funds by default, plus higher risk, lower growth, ethical and Sharia options.
- Online administration. Employers manage enrolment and contributions online.
- Master trust. A trust-based workplace pension run by a trustee board.
- Payroll integration. Connects with payroll to send contributions.
- No shareholders. Provided by People's Partnership, which reinvests what it makes.
- Online employer account. Employers manage enrolment and contributions online.
- Free for employers
- Public corporation
- No shareholders
- Any size of employer
- Authorised by The Pensions Regulator
- Provided by People's Partnership
- Launched 2012
- No shareholders
Which should you choose?
Nest may suit you if you want a scheme that is free for employers, run by a public corporation.
The People's Pension may suit you if you want a long-established master trust from a provider with no shareholders that reinvests what it makes.
Both are master trusts overseen by The Pensions Regulator. Compare charges and features for your workforce, or speak to a financial adviser.
Pick the right one with data, not a sales pitch
Score your benefits stack with PerkIQ and you'll see which of these (or another provider entirely) closes the biggest gaps for your team.
Information on this page is editorial, gathered from public sources and the providers' own materials, and does not constitute financial advice or a recommendation. For a quote, contact each provider directly or speak to an FCA-authorised broker. PerkIQ is not a reseller and earns no commission on provider sign-ups.