Telefónica UK Pension Plan achieves the 2017 PQM Plus Industry Standard
We’re pleased to announce the Telefónica UK Pension Plan has successfully passed the assessment for the 'PQM Plus' standard for 2017, an upgrade from the Standard Pension Quality Mark the scheme achieved in 2016. The Pension Quality Mark (PQM) is the highest standard of excellence available to UK employers. It demonstrates the benefits of our pension offering and is recognised by the HR, pensions industries and the Government.
The Pension Quality Mark (PQM) is only given to top quality pension schemes. Employees at Telefónica can therefore rest assured that our Plan has passed independent checks in the following three areas:
- Contributions: at least 10% of your earnings go into your pension pot.
- Governance: How our Plan is run. Are the people who run our Plan properly qualified? Do we meet regularly? Can you have a say? PQM checks all these things.
- Communication: Does our Plan give you regular information, in a way that is easy to understand? Again, PQM makes sure of this.
For more information on the PQM standard please visit the below link: