The Pensions Quality Mark (PQM) has appointed Gregg McClymont as chair.
McClymont is head of retirement at investment organisation Aberdeen Asset Management, and he previously served as shadow minister of state for pensions between 2011 and 2015.
McClymont is also deputy chair of the Financial Conduct Authority’s (FCA) working group on institutional transactional costs, and a visiting fellow at Nuffield College, Oxford.
McClymont will take over from the current chair, Adrian Boulding, on 18 September 2017.
The PQM, which is owned by the Pensions and Lifetime Savings Association (PLSA), was launched in 2009 to recognise high quality defined contribution (DC) pension schemes in order to raise confidence in workplace pensions.
McClymont (pictured) said: “Recognising employers who offer good quality schemes and are committed to helping members make the most of their retirement is something that is vitally important. This is an important step in ensuring that members understand how important retirement saving really is and I am therefore delighted to be appointed as the new chair of the Pensions Quality Mark. I would like to thank Adrian Boulding for his commitment and hard work over the last few years and look forward to building on his legacy.”
Boulding added: “Having worked hard with the PQM board to actively raise DC pension scheme standards across the UK, I am pleased to be in a position to handover the chairmanship to such a well-respected and knowledgeable candidate. As a member of the PQM board and in his professional life, Gregg has worked hard to raise people’s confidence in workplace pensions and I look forward to following the organisation’s progress in the future.”