Provider comparison
People's Pension vs Aviva
Side-by-side comparison from the PerkIQ directory. Cover, pricing, regulator status, and fit at a glance.
Category
Pension & Retirement
Pension & Retirement
Best for
1-10,000+ employees
20-10,000+ employees
Pricing model
0.5% AMC; small monthly admin charge
0.4-0.75% AMC; some employer charges
UK presence
Since 2012
Since 2000 (as Aviva)
Regulator
TPR
FCA-authorised
Strapline
People's Pension is a not-for-profit master trust, one of the UK's largest workplace pension providers with over 6 million members. Strong default fund performance and competitive fees.
Aviva is one of the UK's largest workplace pension providers, offering Group Personal Pension (GPP) schemes alongside group risk products. A strong choice for SMEs wanting a trusted brand and bundled benefits.
What's included
- Master trust authorised by TPR. Independently governed by an experienced trustee board, with regulatory oversight from The Pensions Regulator.
- Strong default fund. Multi-asset, responsibly-managed default fund that has consistently outperformed peers over rolling 5-year windows.
- Direct payroll integrations. Native integrations with Sage, Xero, Iris, BrightHR and others for automated contribution submission.
- Online employer dashboard. Self-service employer portal for managing enrolments, contributions, and opt-outs without paperwork.
- Group Personal Pension (GPP). Auto-enrolment-ready workplace pension with default and self-select fund ranges, plus drawdown at retirement.
- Group Life Insurance. Death-in-service cover from 2x to 10x salary, often bundled at favourable rates alongside the pension scheme.
- Income protection. Replaces a portion of salary if an employee is unable to work due to illness or injury. Strong rehabilitation support.
- Bundled risk products. Single-supplier convenience across pension, life cover, income protection, and critical illness, with consolidated admin.
Who it's for
No fit notes published.
No fit notes published.
Pricing approach
No pricing notes published.
No pricing notes published.
At a glance
- TPR authorised
- Not-for-profit (B&CE)
- 6m+ members
- Auto-enrolment ready
- Strong default fund
- Direct & broker channels
- FCA authorised & regulated
- FTSE 100 listed
- 16m UK customers
- 2m+ workplace pension members
- Bundled risk products available
- Broker channel preferred for SMEs
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.
