QBE Insurance Group receives Pension Quality Mark for staff pension

QBE Insurance Group has received the Pension Quality Mark (PQM) for its staff pension scheme.

Awarded by the National Association of Pension Funds (NAPF), the PQM recognises defined contribution (DC) pension schemes with total contributions of 10% of an employee's salary, which includes a minimum employer contributions of 6%.

Almost 150 UK pension schemes have been awarded the PQM.

Cheryl Curtis, HR director at QBE, said: “We are very pleased to have achieved the PQM for our UK employee pension scheme, which confirms that our pension arrangement for employees is among the best in the UK and demonstrates our ongoing commitment to being recognised as an employer of choice.”

Alexandra Kitching, Pension Quality Mark (PQM) manager, added: “QBE is joining other major organisations that have been awarded the PQM. It reflects the increasingly welcome trend that sees many employers making it crystal clear that they care about pensions.”