The Pensions Quality Mark has announced the appointment of Gregg McClymont as its new chair.

McClymont will replace the current chair Adrian Boulding on 18 September 2017.

McClymont joins from Aberdeen Asset Management, where he has served as head of retirement since 2015 and was the former Shadow Minister of State for Pensions between 2011 and 2015. He is also deputy chair of the Financial Conduct Authority’s working group on institutional transactions costs, and a visiting fellow at Nuffield College, Oxford.

McClymont also joined the Pensions Quality Mark as non-executive director in February this year.

Boulding has served as PQM chair since 2014 and has also worked as director of retirement at TISA, and is a director of policy at NOW: Pensions and an advisory council member at the Occupational Pensions Defence Union.

Boulding said: “Having worked hard with the PQM board to actively raise DC pension scheme standards across the UK, I am pleased to be in a position to handover the chairmanship to such a well-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.”

McClymont added: “Recognising employers who offer good quality schemes and are committed to helping members make the most of their retirement is something that is vitally important. This is an important step in ensuring that members understand how important retirement saving really is and I am therefore delighted to be appointed as the new chair of the Pensions Quality Mark. I would like to thank Adrian Boulding for his commitment and hard work over the last few years and look forward to building on his legacy.”

The PQM looks to raise confidence in workplace pension schemes by recognising high quality DC offerings. It recently closed its consultation into future standards for DC pension provision in the UK and will release a report including the responses in Q4 2017.

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