retirement quality mark
Building confidence in the at-retirement market for savers
The purpose of the PLSA is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers. The PLSA developed the Pension Quality Mark (PQM) to assist UK employers in demonstrating the benefits of their pension offering.
Due to our experience implementing and operating the Pension Quality Mark we are uniquely positioned to develop the Retirement Quality Mark and create an environment where good quality products can be differentiated, to empower savers. Therefore in 2015 we consulted on developing a Retirement Quality Mark; the consultation findings are published here.
Pension Quality Mark Ltd then developed the Retirement Quality Mark (RQM) as a benchmark of what a good quality at-retirement product looks like, and the Retirement Quality Mark was launched in 2016. For further information please visit the RQM website.
11/10/2017 - PQM announces shortlist for communications Distinction award read more
02/10/2017 - PQM Launch Good Communications Guide read more
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The IoD welcomes the PQM initiative. Employers and employees need to work together on tackling the retirement income challenges we all face, and on improving communication of scheme benefits. The focus of PQM in both these areas marks an important step forward in preserving and enhancing good quality workplace pension provision.
Malcolm Small - Senior Adviser, Pensions Policy, Institute of Directors