Who has the PQM?
The PQM has been a great success and since its launch in September 2009 over 200 pension schemes have achieved either PQM or PQM PLUS standard. Over 600,000 employees are actively saving in these arrangements.
The schemes come from a variety of sectors, ranging from financial services and charities through to pharmaceuticals and engineering. Don't forget to look which employers in your sector already achieved either PQM or PQM PLUS.
The latest schemes to join the growing number of PQM holders are:
NEST (Bolton Cares)
CCEP Personal Pension Plan
MSD Pension Scheme
MSD Animal Health Pension Scheme
PQM READY is a standard for multi-employer schemes and master trusts. The schemes have to meet strict governance and communications standards. In 2017 The Aon MasterTrust and Aviva Master Trust attained PQM Ready.
If an employer using one of the PQM READY schemes wishes to meet the PQM standards, all they need to do is to ensure adequate contributions are in place. Have a look which master trusts have PQM READY
18/10/2018 - PQM Distinction award 2018 read more
28/11/2017 - Aon MasterTrust awarded PQM Ready read more
T: 020 7601 1770
By providing a benchmark the PQM can help people judge the quality of pension scheme offered and companies will be able to easily promote that aspect of their employment package.
Doug Taylor, Which?