What is Pension Quality Mark?
The Pension Quality Mark ("PQM") is a new 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.
An independent Advisory Panel of consumer, employer and industry experts advises the PQM Board on the development of the scheme and the Standards. It also acts as independent appeals panel for complex applications.
Current members of the PQM Advisory Panel are:
Adrian Boulding - Legal & General
Kay Carberry - TUC
Lynn Collins - Marks and Spencer
Ruth Goldman - Linklaters
Joy Moore - RWE nPower
Yvonne Pearce - Accenture
Doug Taylor - Which?
For further information about PQM Ltd or the Advisory Panel please contact us.
