Johnson Fleming has been awarded a Pension Quality Mark (PQM) Plus for its group personal pension (GPP) plan.
Awarded by the National Association of Pension Funds (NAPF), the PQM recognises DC pension schemes with contributions of at least 15%, with a minimum employer contribution of 10%.
The group pensions, risk and healthcare service provider launched the scheme to its 53 staff in November. It was communicated using scheme literature, group presentations and individual meetings for all employees.
Johnson Fleming established a pension advisory committee to help with the ongoing management and governance of its scheme, which is administered through the firm’s own benefits management platform.
Trevor Severgnini, chief executive at Johnson Fleming, said: “We were aware that we should practice what we preach and felt it was important for our employees to have access to the very best pension arrangement.
“We increased the level of employer contributions available, improved communications and established the pension advisory committee to ensure that, through good governance, we could make sure all members could achieve a really good outcome from the scheme.
“All eligible employees joined the scheme and we know that achieving PQM Plus has played a significant part in this success.”
Read also L’Oreal awarded the PQM
Read more articles on defined contribution (DC) pension schemes