PLSA considers raising bar for 'quality mark'

Higher contributions needed

Tom Ellis
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Adrian Boulding: “This provides the opportunity to shape the delivery of good quality DC pensions in the future."
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Adrian Boulding: “This provides the opportunity to shape the delivery of good quality DC pensions in the future."

The Pensions and Lifetime Savings Association (PLSA) is consulting on whether to restrict its top quality mark to employers that achieve a total pension contribution with their employees of 18%.

The Pension Quality Mark (PQM) is currently given to employers whose employees all achieve a 10% contribution, with at least 6% contributed by the employer, but the PLSA is now questioning whether ...

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