The Railways Pension Scheme has been awarded the Pension Quality Mark (PQM) Ready standard for its Industry Wide Defined Contribution (IWDC) section for the fourth year running.
The PQM standard seeks to recognise high quality defined contribution (DC) schemes. To receive accreditation, schemes are independently assessed in the areas of governance, charges and communications....
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We must take urgent action to drive up member understanding of their pensions, or risk a generation of ill remunerated retirees, says Karen Bolan.