The Pension Quality Mark (PQM) was established to set aspirational standards for the industry and to lead the way in improving outcomes for savers. Since the PQM was launched in 2009, it has led to improvements across governance, communications and contributions, and has become the recognised quality mark for the top quality defined contribution pension schemes. Assessing over 250 schemes a year gives us a unique insight into how leading schemes are innovating and how best practise is evolving.
To recognise the schemes that are leading the industry standards, we have launched the PQM Distinction award. PQM Distinction recognises the best of the best. We will award the PQM Distinction to schemes that go above and beyond the PQM standards. Awards will be made at the PLSA conference in October. The PQM team will use the awardees as case studies for other schemes to learn and improve from.
Schemes do not submit or apply for PQM Distinction, our Assessors identify and nominate schemes during the year. The Assessment team then shortlist some schemes for consideration by a judging panel made up of two PQM non-executive Directors, two industry figures and the PQM Managing Director.
The schemes shortlisted for the 2017 PQM Distinction award are listed below.
1. Arqiva Group Personal Pension Plan
2. Church Administrators Pension Fund DCS
3. Heineken Flexible Retirement Plan
4. National Grid YouPlan
5. Sony U.K. Pension Trust Limited
6. The Electricity North West Group of the ESPS: DC Section
The winner of the PQM Distinction Award will be announced at the PLSA Annual Conference on 18 October by PQM Chairman Gregg McClymont (former Shadow Pensions Minister).
If you would like further information on PQM Distinction please contact email@example.com
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