“The PQM is an important step in helping workers understand pensions and make informed decisions about saving.”
Kay Carberry - TUC
“We welcome the launch of the Pension Quality Mark especially as it recognises the need for employers to give clear information and support to their pension scheme members as they approach retirement.”
Andrew Harrop - Head of Public Policy at Age Concern and Help the Aged
“For those working in human resources, the PQM will play an important role in helping to promote their organisation’s reward package to both current and new staff.”
Charles Cotton - CIPD
“An employer whose scheme holds the PQM will have an edge over its competitors when it comes to staff recruitment and retention.”
Lynn Collins - Head of Corporate Pensions, Marks & Spencer
“The Institute of Directors welcomes the PQM initiative. Employers and employees need to work together on tackling the retirement income challenges we all face, and on improving communication of scheme benefits. The focus of PQM in both these areas marks an important step forward in preserving and enhancing good quality workplace pension provision.”
Malcolm Small - Senior Adviser, Pensions Policy, Institute of Directors
\"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.\"
Doug Taylor, Which?
“The PQM is a significant step forward in meeting the challenge of rebuilding confidence in workplace pensions.”
Joy Moore - Head of Pensions, RWE Npower plc
“Feedback from our clients on the Pension Quality Mark has been extremely positive and we are pleased to be working with the NAPF to promote this important standard.”
Sue Curley - Head of Consultancy, Capita Hartshead
\"Having closed our Defined Benefit scheme to future accrual in December 2008, Michelin was keen to convince employees that the alternative DC Scheme that we offer is a good quality alternative. We put a lot of work in to the design of the DC Scheme, and the services to members to assist them in their investment and life choices.
When the Pensions Quality Mark was launched, it was an obvious decision for us to apply. We were delighted when our DC scheme was accepted, as it provides external endorsement of the quality that we offer our employees. The work we are doing in promoting the DC scheme within Michelin is having positive results, with 90% of our employees choosing to join.\"
Colin Porteous, Head of Pensions Compensation & Benefits, Michelin
\"We are very happy to support such an important initiative. Members may not fully appreciate or value the DC scheme their employer is providing as it is often difficult for members to decipher if it is a good quality DC scheme or not. The Pension Quality Mark signals to members that they are part of a pension scheme that meets the highest standards.”
Emma Douglas - Director, UK DC Sales, BlackRock
“We are delighted to support any initiative that recognises the value and importance of employee communications. The Pension Quality Mark does just that and we are excited to be involved. We look forward to having more of our clients having their communication programmes recognised by the Pension Quality Mark and to promote the required standard amongst our other clients going forward.”
Nigel Ferrier - Executive Chairman, Ferrier Pearce
\"We are delighted to be square behind the Pension Quality Mark initiative. Standard Life works closely with employers across the UK to help them offer their employees good quality pension schemes.\"
Greg Thorley - National Employee Communications Manager, Standard Life
\"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
\"From 2012 every employer will have to enrol their employees into an eligible pension scheme, helping to bring back a savings culture to Britain. This initiative heralds a real tipping point for pension provision. We hope that it will act as a stepping stone for employers to go further and faster in providing quality pensions. That’s why it’s important that we celebrate initiatives like the NAPF’s PQM which recognise such quality schemes and help to restore confidence in pension provision.”
Rt Hon Iain Duncan Smith MP, Secretary of State for Work and Pensions