The Xafinity Pension Trust (XPT), a mastertrust defined contribution (DC) pension product, has been awarded the Pension Quality Mark (PQM).
XPT provides members with access to a DC pension arrangement. All communications can be tailored to fit with an organisation’s brand.
The PQM standard was launched in 2009 by the National Association of Pension Funds (NAPF).
Ken Anderson, head of DC solutions at Xafinity, says: “We are delighted the Xafinity Pension Trust has been awarded the Pension Quality Mark.
“The award recognises that XPT enables employers to cost-effectively provide their employees with access to a DC pension arrangement.
“Participating employers in XPT need only decide upon their contribution structure in order to achieve either the Pension Quality Mark or Pension Quality Mark Plus.”
Joanne Segars, chief executive of the NAPF, added: “We are pleased XPT will help to raise the standards of DC pension provision in Britain by providing support to those employers which are seeking to receive the Pension Quality Mark.”
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