Cross Keys Homes, Peterborough’s largest housing association, has become the first employer offering its staff membership of the Defined Contribution section of the Social Housing Pension Scheme (SHPS) to obtain the Pension Quality Mark.
Lisa Glendye, head of HR at Cross Keys Homes, said: “We are delighted to have been awarded the Pension Quality Mark Plus. It further endorses our commitment to always striving to improve our employees pay and benefits package despite, these difficult times. Cross Keys Homes recognises the importance for staff to have the opportunity of a sound pension when they retire”
Logan Anderson, Head of Customer Relations at The Pensions Trust who administer SHPS said: “We were pleased to support Cross Keys’ application for the Pension Quality Mark Plus”.
“Cross Key Homes has received the Pension Quality Mark Plus because of the excellent level of pension contributions they offer as an employer, and because of the high standards of governance and quality member communications provided by the SHPS DC section. We would urge all other employers using the SHPS DC section to apply for the Quality Mark to demonstrate their commitment to providing employees with access to good quality workplace pensions” added Alexandra Kitching, Head of the PQM Team at the NAPF.
“This was a great example of co-operation by Cross Keys, SHPS and the Pension Quality Mark team” commented Alan Smith, the First Actuarial Founder who advises Cross Keys.
“As a result of this, other Housing Associations participating in the SHPS DC structure should find it a lot easier to get the Quality Mark and provide tangible evidence to their staff of the value of their pension arrangement”, he concludes.
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