Lord Hutton joins Pensions Quality Mark board

The National Association of Pension Funds has appointed three figures to the board of its Pensions Quality Mark, including a former secretary of state for work and pensions.

Lord Hutton, former secretary of state for work and pensions, and Vicky Wright of the Chartered Institute of Personnel Development have both been appointed as non-executive directors, while Julian Mund will take on the role of executive director.

Ms Mund recently joined the Napf as business development director.

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All three will take up their new positions on 3 October at the next PQM board meeting.

Mr Hutton said: “Auto-enrolment is a critical part of the pension reforms. With millions of workers being automatically-enrolled into workplace pension schemes, PQM has a key role to play in driving up standards and ensuring these workers save in a good scheme.”

The PQM is a benchmark used to distinguish good quality defined contribution pension schemes, focusing on issues of governance, saver communications and employer contribution levels.

The PQM was launched in 2009 and has been given to 186 pension schemes.