NOW: Pensions –that’s Quality!

New breed pension provider NOW: Pensions has become the first master trust to attain the new PQM READY standard.

The benchmark will help show employers that NOW: Pensions is a well governed pension scheme with low charges and good member communications.

PQM READY was set up by PQM (Pension Quality Mark), the mark that recognises good quality defined contribution pensions, to help employers spot a good multi-employer pension scheme or master trust.

To get PQM READY schemes need to show, among other things, proof that independent trustees are in a majority or have a casting vote, and that member communications are clear, regular and engaging.

This announcement also means that employers that use NOW: Pensions will be able to make a fast-tracked application for PQM. They will only have to demonstrate PQM’s contributions standards to get the certification.

You can read more about the Pension Quality Mark by clicking here.


It’s good to see NOW: Pensions embrace the PQM. We placed our first scheme with NOW: recently and have been impressed with their ethos and communications.

There is much pressure from the regulators for these types of pension schemes to be fairer, more transparent and charge members less in running costs. We’re sure other providers will follow.

Steve Clark

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