Welcome to the Pension Quality Mark
The Pension Quality Mark (PQM) is the highest standard of excellence available to UK employers to demonstrate the benefits of their pension offering. Brought to you by the Pensions and Lifetime Savings Association, the PQM is for all DC schemes, whether trust or contract based. It is recognised by the HR and pensions industries, and the Government.
Nearly 200 pension schemes currently hold either PQM or PQM PLUS, with over 600,000 employees actively saving in these arrangements.
The latest schemes to achieve PQM are: MMT BTUK Retirement Savings Plan and B.Braun UK Group Personal Pension Plan
In January 2019 PQM launched new Standards to come into effect later in the year. Find out more.
For Employers, PQM:
- Demonstrates that your pension scheme has been independently ranked as top quality
- Provides a competitive advantage in staff retention and recruitment
- Supports your employees in saving for a comfortable retirement
- Positions your company at the forefront of employer responsibility
The Pension Quality Mark (PQM) is only given to top quality pension schemes. If yours has it - you know that it's passed independent checks in the following areas:
- Contributions At least 10% of earnings goes into your pension pot - or 15% for PQM Plus.
- Governance This means how your scheme is run. Are the people who run it properly qualified? Do they meet regularly? Can members have a say? PQM checks all these things.
- Communication Does your scheme give you regular information, in a way that is easy to understand? PQM makes sure of this.
Pension schemes with PQM include employees in a variety of sectors, including financial services, charities, retail, pharmaceuticals and engineering. Don't forget to look which employers in your sector have PQM or PQM PLUS .
24/01/2019 - PQM Standards 2019 read more
18/10/2018 - PQM Distinction award 2018 read more
T: 020 7601 1770
It’s important that we celebrate initiatives like the PQM which recognise such quality schemes and help to restore confidence in pension provision.
Rt Hon Iain Duncan Smith MP, former Secretary of State for Work and Pensions