News UK and Sony awarded for pensions quality


Jobs and Business Glasgow, News UK and Sony UK are among the organisations that have been awarded the Pension Quality Mark (PQM) in recognition of the quality of their defined contribution (DC) pension schemes. 

Sony UK has achieved the PQM Plus award for its scheme’s contribution rates, good governance and effective communications.

Fewer than 100 organisations have received the PQM Plus. These include heating and plumbing organisation Wolseley, professionals service provider Thomas Miller and Peel Ports Group.

News UK, which owns newspaper titles such as The Sun (pictured) and The Times, has been awarded the PQM for its group personal pension plan.

Jobs and Business Glasgow also achieved the PQM award for its retirement fund.

Paul Bird, group pensions director at News UK, said: “We believe the News UK scheme, along with a comprehensive package of great benefits, is paramount to retaining the talent, skills and experience essential to securing a sustainable future for our world-class journalism.

“This widely respected recognition of our welfare policies is testament to the value we place in our people who underpin our business’s success.”

The PQM, which was launched by the National Association of Pension Funds (NAPF) in 2009, recognises employers that offer pension schemes with good-quality governance and low charges, clear and ongoing communication with pension scheme members, and good contribution rates.