NAPF proposes pensions quality mark

Part of the NAPF’s five-point plan, which it submitted in its response to the pensions white paper consultation, the quality mark would apply to good quality schemes which provide a higher level of benefits than the proposed personal accounts. In its proposals for developing a pension scheme quality mark, the NAPF says the criteria for the award would take into account contribution levels, member communications and any associated benefits. The NAPF, which is setting up a working group to look at the issue in more detail, believes the introduction of such a scheme could help minimise the...