Chemical company BASF, housebuilding firm Crest Nicholson and pharmaceutical firm Merck are the latest employers to be awarded the Pension Quality Mark (PQM) for their workplace pension schemes.
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.
More than 100 employers have received the PQM, including: Capital One, Centrica, L’Oreal, Nationwide, Roche and Vodafone.
Alexandra Kitching, PQM manager at the NAPF, said: “These employers are industry leaders and household names, so this is great news for both PQM and pensions provision in the UK.
“It is encouraging that these big organisations recognise the importance of offering a good workplace pension, and that’s especially important on the eve of auto-enrolment.”
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