Money Box: Pension Quality Mark

The National Association of Pension Funds is launching a pension quality mark for 'defined contribution' workplace pensions.

The schemes involved are not final salary pensions but those which combine employer and employee contributions in a pot, and convert that into a pension when you retire.

The hope is that the quality mark will improve pension provision.

Money box asked Joanne Segars, chief executive of the National Association of Pension Funds what standards providers will have to achieve to obtain a quality mark.

This item was first broadcast on Radio 4's Money Box on Saturday, 19 September 2009.