Updated:
The People's Pension
The pension provider has no shareholders. Profits support members.
The People's Pension
The pension provider has no shareholders. Profits support members. Over 7 million savers and more than 100000 employers trust the provider with their futures.
General information
Firm type
Pension Fund
Year founded
—
AUM
$30B–$40B (Altss estimate)
Location
Region
Europe
Country
United Kingdom
City
Crawley
Corporate office
Crawley, United Kingdom
Principals
Mark Condron
Chair of the Board of Trustees
Dan Mikulskis
Chief Investment Officer of People's Partnership
Patrick Heath-Lay
CEO of People's Partnership
Marija Simpraga
Co-head of Real Assets
Raymond Wright
Co-head of Real Assets
Sector focus
Frequently asked questions
Who holds fiduciary responsibility for The People's Pension?
A board of trustees, chaired by Mark Condron, carries fiduciary oversight. The board operates within the master-trust framework regulated by The Pensions Regulator, separating governance from the commercial sponsor, People's Partnership. Day-to-day investment decisions are delegated to the internal team led by CIO Dan Mikulskis.
How does the profit-to-member structure actually work?
People's Partnership, the sponsoring entity, has no shareholders. Operating surpluses generated by The People's Pension are reinvested into the scheme—funding lower charges, member rewards, digital tools, and service infrastructure rather than being distributed as dividends. This structure is embedded in the master-trust deed and the sponsor's constitution.
What real-asset exposure does the fund have?
The fund allocates to both direct real estate and infrastructure, covering UK assets as well as global OECD markets. Co-heads Marija Simpraga and Raymond Wright run the real-assets programme. Real estate focuses across mixed-use properties, while infrastructure investments span domestic and international projects.
Is The People's Pension a signatory to any responsible-investment frameworks?
Yes. It is a signatory to the UN Principles for Responsible Investment, a compliant signatory of the 2020 UK Stewardship Code, and a co-creator of the Asset Owner Statement on Climate Stewardship. The fund has also received PRI awards for its responsible-investment practices.
Does the fund co-invest alongside external managers or primarily operate through fund commitments?
The People's Pension implements its strategy through a mix of pooled funds and segregated mandates, with the real-assets portion typically accessed via direct vehicles and fund commitments. The exact proportions between direct co-investments and fund-of-funds structures are not publicly detailed in firm materials.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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