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Pension Quality Mark launches new standards

The Pensions and Lifetime Savings Association (PLSA), is launching new standards for its Pension Quality Mark (PQM) to help raise the quality of single-employer defined contribution (DC) pension schemes.

PQM was developed in 2009 and is an accreditation scheme designed to increase confidence in workplace pensions by helping employers demonstrate the quality of their scheme. It is available to single-employer DC pension schemes offered by an employer to their employees. Currently there are 190 schemes accredited with PQM, covering over 650,000 active savers.

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