Vodafone is 100th employer to be awarded the Pension Quality Mark

Vodafone has been awarded the Pension Quality Mark (PQM) from the National Association of Pension Funds (NAPF) for its staff pension scheme.

The accreditation distinguishes pension schemes that are well run by employer, with good contribution rates, and which are clearly communicated to employees.

The mobile phone provider is the 100th employer to receive the award, meaning that almost 200,000 employees across the UK are covered by a PQM-recognised pension scheme.

Other employers awarded a PQM include Nationwide, Capital One, Centrica, Roche and Liberty IT.

Geoff McKenzie, head of pensions at the Vodafone Group, said: “Vodafone is committed to providing long-term, sustainable pension plans, and the Pension Quality Mark further underlines the quality of our offering for current and prospective employees.

“Our company pension scheme remains a vital component in our benefits package to retain and attract the very best people.”

Joanne Segars, chief executive of the National Association of Pension Funds (NAPF), added: “The PQM has been given to 100 employers for the pensions they offer to their staff. The awardees include small and medium-size firms, as well as FTSE 100 companies.

“We are encouraged by the result as it shows that employers across the board increasingly understand the importance of giving their employees good quality pensions.

“The UK is undersaving for retirement but the continued growth of the PQM is a cause for optimism. The more employers and staff that recognise the importance of a quality pension, the better our chances of tackling our pension savings crisis.

“So congratulations to Vodafone and other PQM holders, and we encourage other employers to follow suit by applying for this important recognition.”

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