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 has been running since 2009 and new PQM Standards were published in 2019.
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: MotoNovo Finance Group Personal Pension Plan, MMT BTUK Retirement Savings Plan and B.Braun UK Group Personal Pension Plan.
In order to meet the new PQM Standards, schemes must make a commitment to enrol all employees with a minimum contribution of 12% (with at least 6% from the employer) or 15% contribution for PQM Plus.
Pension schemes which hold PQM are from a wide range of sectors, including financial services, charities, retail, pharmaceuticals and engineering. Check which pension schemes have PQM .
02/07/2019 - New Pension Quality Mark open for applications read more
24/01/2019 - PQM Standards 2019 read more
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By providing a benchmark the PQM can help people judge the quality of pension scheme offered and companies will be able to easily promote that aspect of their employment package.
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