The Pensions Quality Mark (PQM) has beefed up its board by appointing a former shadow pensions minister as its chair.
Gregg McClymont, who led the opposition’s response to pension issues for four years to 2015, replaces Adrian Boulding in the role from 18 September.
McClymont (pictured) brings experience to the board following a stint as Aberdeen Asset Management’s head of retirement. He is also the deputy chair of the Financial Conduct Authority’s working party examining institutional transaction costs.
PQM was established to raise standards in the pensions industry. It has closed its consultation into future standards in DC schemes ahead of a final report scheduled for the final quarter of 2017.
Joining the organisation was not a difficult decision for McClymont. He sees the value in recognising employers who offer quality schemes and are committed to helping members make the most of their retirement to highlighting the importance of retirement saving.
Outgoing chair Boulding described McClymont as a respected and knowledgeable candidate.
“As a member of the PQM board and in his professional life, Gregg has worked hard to raise people’s confidence in workplace pensions and I look forward to following the organisation’s progress in the future,” he added.
