PQM fees change
11/10/2010
Although the The Pension Quality Mark is a not-for-profit organisations, it needs to cover its costs. We have, therefore, come to the decision to increase the fees in line with RPI from 1 November 2010. Going forward, this will be an annual increase which will be announced in the first half of October each year.
The increase will apply to all new applications and to all annual renewals. All applications we have already received will not be affected by the annual licence fee increase in their first year. Any applications received before the 1 November will be charged the assessment fee of £250 + VAT. The new fees (excluding VAT) are:
- Assessment fee - £260 (previously £250)
- Annual licence fee for schemes with 500 or less active scheme members - £260 (previously £250)
- Annual licence fee for schemes with over 500 active scheme members - £525 (previously £500)
Please let us know if you have any questions or comments.
