Quality mark for 'new wave' of SIPP savers to be launched

The award, to be launched sometime this summer, has been created to help guide a new generation of customers taking out income drawdown plans following pension freedom without advice. It will be available for all defined contribution schemes, whether trust or contract-based. The PQM is "the highest standard of excellence" for pension offerings, according to the organisation's website, and is recognised by the human resources and pensions industry, as well as the government. Pension Quality Mark chairman Adrian Boulding, who spoke at a SIPPs and Retirement Options Conference on 17 May,...