The PQM Standards were relaunched in 2019. They had been extensively revised and updated reflecting changes in regulation and practice since the original PQM in 2009.
PQM is a PLSA initiative, which contributes to our mission to help everyone achieve a better income in retirement. PQM recognises high quality pension schemes which meet minimum contribution levels (12% of pensionable pay), good governance, good member experience and which encourage employees to save for their future.
The core principles of the PQM Standards are that a pension scheme should have: a commitment from the sponsoring employer to enrol all employees at minimum contribution levels, an effective board, a good quality default investment strategy, an understanding of its members with an inclusive engagement strategy, and support for members at retirement. The Standards also set out what we consider to be good practice, and the type of evidence that a scheme can provide to demonstrate that it meets the Standards.
For further information on applying for PQM or renewing please contact us
T: 020 7601 1736
09/03/2020 - Redington on gaining the Pension Quality Mark read more
06/02/2020 - PQM Survey read more
The PQM is a significant step forward in meeting the challenge of rebuilding confidence in workplace pensions.
Joy Moore - Head of Pensions, RWE Npower plc