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Welcome to the Pension Quality Mark

The Pension Quality Mark (PQM) is an accreditation for workplace DC pension schemes. It was developed in 2009 by NAPF - now the Pensions and Lifetime Savings Association (PLSA). The PLSA's mission is to help everyone achieve a better income in retirement. Schemes which meet PQM standards are contributing to this aim, by helping employees and members save for their retirement.

PQM standards go beyond the minimum requirements required by regulation.   PQM recognises high quality pension schemes which have good contribution levels, good governance, and which encourage employees to save for their future. 

The PQM Standards have been completely revised and updated for 2019, reflecting changes in regulation and practice over the last 10 years.  To meet the new PQM Standards, the employer must commit to enrol all employees with a minimum contribution of 12% (with at least 6% from the employer) or 15% for PQM Plus.  Schemes must be well-run and the pensions board or committee must understand the members and act in the best interests of those members. This includes choosing a suitable default investment strategy, appropriate communications, value for money and listening to member feedback.  

Why apply for PQM?

Holding the PQM demonstrates that a pension scheme is of good quality and that the employer is committed to encourage and support employees to save for retirement.   Around 175 pension schemes currently hold either PQM  or PQM PLUS, with over 600,000 employees actively saving in these schemes.  Pension schemes which hold PQM are from a wide range of sectors, including financial services, charities, retail, pharmaceuticals and engineering. Check which pension schemes have PQM.

It is simple to apply for PQM and we are happy to assist you if you have any queries.

The most recently awarded schemes are: University of Salford Pension Plan, MotoNovo Finance Group Personal Pension Plan, and B.Braun UK Group Personal Pension Plan.

How to Apply       Contact us           PQM Standards 

The Good Communications Guide 

Latest Tweet 4:05 PM, 13th Nov 2019 by PQM

Mettler-Toledo Pension Scheme have successfully renewed Pension Quality Mark. PQM recognises high quality pension. https://t.co/cV3cQFIkzn

Latest news

17/10/2019 - PENSION QUALITY MARK DISTINCTION AWARD WINNER ANNOUNCED read more

02/07/2019 - New Pension Quality Mark open for applications read more

Contact us

T: 020 7601 1736
E: info@pensionqualitymark.org.uk

Feedback from our clients on the Pension Quality Mark has been extremely positive and we are pleased to be working with the Pensions & Lifetime Savings Association to promote this important standard.
Sue Curley - Head of Consultancy, Capita Hartshead