In almost every profession, continuing professional development (CPD) has become a core element of what it means to be professional. This has particular relevance to those working in pensions and retirement provision.
CPD is a key part of your PMI membership and in using our CPD scheme, you will contribute to the development of the profession as a whole. Completion and recording of CPD became compulsory for PMI Fellows in 2010 and for Associates in 2011. Although CPD is not compulsory for other members, the scheme and recording system are open to all. Completion of CPD is encouraged where members, for whom the scheme is not compulsory, feel they will benefit from participation.
Recording your CPD demonstrates that you are working to ensure your knowledge and skills are up-to-date. Standing still is not an option in today’s world. By doing CPD, you act to mitigate risk and enhance your skills and competences, enabling employers, stakeholders and clients to feel confident in your abilities as a professional. Members can update their CPD records by logging in to the member's area at the top of this page and selecting 'Your PMI'.
The CPD year runs from 1 January to 31 December.
The key points to be aware of are as follows:
- CPD is compulsory for Fellows and Associate Members of the PMI
- the scheme requires a minimum of 25 hours relevant CPD to be completed each year
- at least 50% of the recorded content must be focused on pensions and retirement savings subjects. However, in recognition of the wide range of appointments that members undertake, particularly more senior members, the remaining 50% of CPD can cover the wider aspects of business such as IT, management, financial, business ethics and legal matters
- a basic principle of the scheme is that CPD should be additional to paid employment. However, we are aware that many members are in positions such as training and consultancy where research is required in advance of customer meetings. In conversations with members we have taken the position that the time spent on this research can be counted as part of CPD, on the principle that this meets the CPD requirement to keep up-to-date, but the customer facing time cannot be counted since this is part of paid employment
Recording your CPD
The online facility for recording CPD is now available. To use this facility, please log in to the members private area with your user name and password (the top right hand corner of this screen). Go to the 'Your PMI' page and you will see the button there that will take you to the screen where you will be able to enter details of your CPD activity and the time allocated to the activity.
If you wish to record your CPD on a paper form, please download the form from here
If you wish to record a self declaration for CPD completed under the auspices of another professional institute, please use this form
PMI AAP and CPD
Those who are both members of the PMI AAP and Fellows or Associates of the PMI, and who meet the CPD requirements under the PMI AAP, will be deemed to have met the requirements for the PMI CPD scheme. Details about the PMI AAP can be found here
PMI AE Accredited CPD Programme
Those who are both members of this Programme and Fellows or Associates can count relevant CPD for both purposes. Details about this Programme can be found here
Online Learning Gateway
PMI members have free access to Standard Life Investments’ educational portal which offers a wide-range of educational resources designed to support professional development and training needs. Much of the content will be relevant for CPD purposes.
Click here to access the portal.
PMI TV is our online TV channel offering a selection of topical, relevant and informative programmes to pensions professionals and trustees. Developed in association with Asset TV, it provides a broad range of presentations, comment, interviews, and webcasts from key figureheads within the pensions industry. Much of the content will be relevant for CPD purposes and content that is relevant for RDR purposes is identified as such.
Members can have their viewing times recorded automatically by PMI TV but for this to be achieved, members will need to have an active internet connection to Asset TV for the whole transmission.
Click here to access PMI TV.
Members needing further assistance on CPD should contact the Membership Department on 0207 392 7413 or email email@example.com.