Welcome to the Pension Quality Mark
The Pension Quality Mark (PQM) is an accreditation for workplace DC pension schemes that meet high standards. It is part of the Pensions and Lifetime Savings Association (PLSA) whose mission is to help everyone achieve a better income in retirement.
PQM launched in 2009 and has recently had a thorough review, resulting in new PQM Standards .
Holding PQM demonstrates that a pension scheme has been independently ranked as good, and meets the PQM Standards.
Around 180 pension schemes currently hold either PQM or PQM PLUS, with over 600,000 employees actively saving in these schemes.
The most recently awarded schemes are: MMT BTUK Retirement Savings Plan and B.Braun UK Group Personal Pension Plan.
The Standards include: having an employer commitment to assist employees in saving for an adequate retirement income. Contributions must be at least 12%. The scheme should be well-governed with an effective board, and appropriate investment strategy. The scheme must have an engagement strategy and provide communications which are suitable for the members' needs.
Pension schemes with PQM include employees in a variety of sectors, including financial services, charities, retail, pharmaceuticals and engineering. Check which pension schemes have PQM .
24/01/2019 - PQM Standards 2019 read more
18/10/2018 - PQM Distinction award 2018 read more
T: 020 7601 1736
We welcome the Pensions Quality Mark as an independent benchmark to help employers with this important communications task, and we?re delighted to practice what we preach in securing the Pension Quality Mark PLUS for our own scheme.
Lisa Sarjeant - HR Director, CIPD