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7th September 2017

GREGG MCCLYMONT APPOINTED AS PENSION QUALITY MARK CHAIR

The Pensions Quality Mark (PQM) has today announced that Gregg McClymont has been appointed as Chair. Gregg will replace the current chair - Adrian Boulding - on 18 September 2017.

He will bring his considerable experience as Aberdeen Asset Management's Head of Retirement and former Shadow Minister of State for Pensions (2011-2015) to the role. Gregg is also the Deputy Chair of the Financial Conduct Authority's Working Group on institutional transactions costs, and a Visiting Fellow at Nuffield College, Oxford.

PQM was designed to raise confidence in workplace pension schemes by recognising high quality DC offerings and recently closed its consultation into future standards for DC pension provision in the U.K. The board is currently reviewing the responses to the consultation and will release a report in Q4 2017.

Adrian Boulding, Outgoing PQM Chairman, said:

"Having worked hard with the PQM board to actively raise DC pension scheme standards across the UK, I am pleased to be in a position to handover the chairmanship to such a well-respected and knowledgeable candidate. As a member of the PQM board and in his professional life, Gregg has worked hard to raise people's confidence in workplace pensions and I look forward to following the organisation's progress in the future."

Gregg McClymont, New PQM Chairman, said:

"Recognising employers who offer good quality schemes and are committed to helping members make the most of their retirement is something that is vitally important. This is an important step in ensuring that members understand how important retirement saving really is and I am therefore delighted to be appointed as the new chair of the Pensions Quality Mark. I would like to thank Adrian Boulding for his commitment and hard work over the last few years and look forward to building on his legacy."

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