Beckett Financial Services has demonstrated its support for qualified and informed pension advice by becoming a Friend of the Pensions Quality Mark (PQM).
The PQM is a standard that recognises high quality defined contribution pension schemes.
“We are proud to be promoting the PQM because it supports the values of ‘Practical Support’ and ‘Good Outcomes’ we are striving to achieve for our clients,” said Nicola Prince, Director of Employee Benefits at Becketts. “It is designed to raise confidence in workplace pensions, help employers demonstrate the value of their scheme to current and future employees, and help employees recognise that their scheme is of a good quality.”
In order to attain the PQM, a pension scheme needs to meet certain standards in three areas: contributions; governance; and communications.
“More employers than ever are implementing pension schemes as a result of auto enrolment,” believes Prince. “But that is just the first stage. It is in everyone’s interest to help ensure employees achieve the retirement income they need, and minimum auto enrolment contributions are not enough to secure this.”
“The Pension Quality Mark is something that all good employers will want to aspire to and we can help them achieve this.”