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The Pensions Quality Mark

The Tesco Retirement Savings Plan has been awarded the Pension Quality Mark, an independent UK quality standard recognised by the HR and pensions industries, and the Government.

It is only awarded to the highest quality UK retirement savings plans that pass independent checks on all of these three areas:

  • Contributions paid into the Plan – the Tesco Retirement Savings Plan qualifies for its matching contributions, so when you save up to 7.5% into your Plan, Tesco pays in the same.
  • The way the Plan is managed – members can have confidence that the Plan is well run through its strong governance structure.
  • Clear communications to members – the Plan has simple tools and communications to support colleagues in saving for retirement.

Tesco is the first supermarket to receive the Pension Quality Mark. With only about one in three retirement schemes across the UK meeting the standard, this is an important achievement for the Tesco Retirement Savings Plan.

Watch this 2 minute video to hear Joanne Segars, Chief Executive of The Pensions and Lifetime Savings Association, the organisation behind the Pension Quality Mark, talking to Tesco colleagues about why our Plan is recognised as being amongst the best in the UK and why it matters.