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Understanding PQM PLUS: A Benchmark for Quality in Defined-Contribution Pension Schemes

PQM PLUS is an independent quality mark that signifies excellence in defined-contribution (money-purchase) pension schemes. This mark helps you identify a reliable pension scheme that offers value, especially in light of auto-enrolment regulations where not all employers contribute equally. By choosing a scheme with the PQM PLUS certification, you can expect better governance, regular communication, and alignment with your retirement needs. While the amount is not guaranteed, participating in a PQM PLUS scheme provides significant advantages over those that don't meet the necessary standards.

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Understanding PQM PLUS: A Benchmark for Quality in Defined-Contribution Pension Schemes

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  1. What is PQM PLUS? • An independent quality mark for defined-contribution (money-purchase) pension schemes • A sign that your pension scheme is a good one

  2. But what does it mean? • With Auto Enrolment not all employers pay more into their employees’ pensions pots than they have to – WE DO! • In fact, we pay more*/ the same* [*DELETE AS APPROPRIATE] as you • So, you are getting a good value by joining the scheme and by staying in it

  3. Is it all about the contributions? • Trustee Board*/ Governance Committee*/ Annual Scheme Review [*DELETE AS APPROPRIATE] • to ensure the scheme meets your needs • Communications • regular • so you know what is happening with your pensions pot

  4. So I can expect a decent pension?! • The amount is not guaranteed • BUT much better off than in a scheme that does not meet the PQM PLUS standards!

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