The National Association of Pension Funds (NAPF) is to launch a Pension Quality Mark as a way for good quality defined contribution (DC) pension schemes to distinguish themselves from ‘inferior’ money purchase plans. The mark will be awarded to DC pension schemes that pass three tests, one of them requiring a minimum contribution of ten per cent paid into the scheme, with at least six per cent of that provided by the employer.

Do you think it is a good idea?

a) Yes, the DC market will benefit from such a mark

b) No, it will serve no real purpose