What is Pension Quality Mark?
The Pension Quality Mark ("PQM") is a standard that recognises high quality defined contribution (DC) pension schemes. The PQM is designed to raise confidence in workplace pensions, help employers demonstrate the value of their scheme to current and future employees, and help employees recognise that their scheme is of a good quality.
The Mark is available for all types of DC pension schemes, whether occupational, GPP, or stakeholder, which meet the PQM standards.
Who runs PQM?
PQM has been set up and is wholly owned by The National Association of Pension Funds (NAPF), a not-for-profit organisation.
It is run by PQM Board of Directors who look after strategic development of the initiative and the standards. It also acts as independent appeals panel for complex applications.
Current members of the PQM Board are:
Chris Hitchen - Chairman
Baroness Jeannie Drake
Joanne Segars - Chief Executive, NAPF
Darren Philp - Director of Policy, NAPF
For further information about PQM Ltd or its Board please contact us.