Information for employees
Why should you care your company's scheme qualified for the Pension Quality Mark?
The Mark is a sign that your employer's pension scheme is a good one. Even though your employer already has to - or will shortly have to - contribute to your pension, not all employers go above the regulatory minimum. But yours does. In fact, they value your contribution to the business and it matters to them how you will fund your retirement.
Does your scheme have the Pension Quality Mark?
There are two types of the PQM. Schemes can achieve the PQM with contributions of at least 10% or PQM PLUS with contributions of at least 15% of your salary.
How can you get your employer to apply for PQM?
If your company pension scheme does not have the PQM it may just be that they aren't aware of it yet. We have produced a leaflet which you can download and pass to your HR department or pension scheme manager.
What if your employer is using the PQM logo but you think the scheme doesn't have the Mark or doesn't meet the PQM standards?
If you have any doubts, please do contact us and let us know about your concerns.
Do you want to find out more?
28/02/2017 - Sir Steve Webb and Gregg McClymont join the Pension Quality Mark Board read more
01/01/2017 - PQM Distinction read more
T: 020 7601 1770
It’s important that we celebrate initiatives like the PQM which recognise such quality schemes and help to restore confidence in pension provision.
Rt Hon Iain Duncan Smith MP, former Secretary of State for Work and Pensions