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 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 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?
28/11/2017 - Aon MasterTrust awarded PQM Ready read more
07/11/2017 - Aviva Master Trust awarded PQM Ready read more
T: 020 7601 1770
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