The RPC is a qualification that is ideal for employees new to pensions, support staff and those professionals working in related fields. It provides a broad introduction to pensions and other related benefits in the UK.
It has been designed to meet the needs of a wide range of people, not just pension professionals; for example it could include:
- those who are starting out on a career in pensions or a related area.
- those whose work involves one particular aspect of retirement provision, such as investment, legal or accounting.
- those whose job requires an overview of the principles underpinning retirement provision.
Workplace Pensions Trailblazer Apprenticeship
This qualification can be used as part of the Workplace Pensions Trailblazer Apprenticeship. Amongst the many benefits of the apprenticeship is the opportunity to access Government funding to cover the cost of the qualifications and any associated training. Further details on the apprenticeship can be found here: http://www.pensions-pmi.org.uk/qualifications-and-learning/pmi-and-apprenticeships/
The syllabus areas are grouped under the following main headings:
- Origins and overview of pensions
- Parties involved
- The employment package
- The current pensions scene
- Role of government
- State benefits
- Regulation and policing
- Designing occupational pension schemes
- Funding of occupational pension schemes
- Communications and administration
- Individual pension contracts
- Personal savings
- Investment considerations
- Investment classes
- Glossary of terms
Click here to download a copy of the 2016 syllabus.
Studying for the examination
There is a comprehensive online learning programme, designed for self study. It is recommended that 60-70 hours should be spent on study before sitting the examination.
We run revision courses roughly one month prior to the examination sittings - they are held in central London and last 1/2 a day. The fee for half day Revision Course is £150.
Further information on any of the above is detailed on the study page.
How is RPC assessed?
The qualification is assessed by a 2 hour examination in the form of a 120 question multiple choice exam paper, designed to test knowledge right across the syllabus.
When and where are examinations held?
There are two public examination sittings per year in March and September. Public examinations will be at exam venues in the following locations:
Alternatively, if your organisation is an approved exam venue you can sit the exam in-house.
There are two public examination sittings per year in April and October. We have a number of centres around the world where examinations are held. You select the most appropriate location when you enter for the examination.
What are the costs?
It is a compulsory requirement to be a member of the PMI to sit the examination and the fee structure reflects this. (Note: the PMI membership year for RPC candidates runs from 1 November to 31 October).
NOT A PMI MEMBER?
There is an inclusive fee of £450.00 to cover the online learning programme (including access to online tutorial support and any relevant updates), examination entry (including a certificate if successful) and Affiliate Membership of PMI for the year
EXISTING PMI MEMBER?
For existing members of the PMI cost per examination and online learning programme access key is £375.00.
TAKING RPC AS A RESIT?
The cost of taking resits is £175.00.
If you are no longer a member of the PMI the cost of taking a resit is £250.00 (includes Afflilate Membership).
For further details and breakdown of costs click here
On completion of this qualification individuals can apply for certificate level of membership of PMI and have the designatory initals CertPMI after their name. Click here for further details.
The PMI is committed to providing a customer focused and professional service to all its approved assessment centres, students and candidates taking any of our qualifications. Please click on the attached links for details of all of our commitments to you.
To discuss the qualification further contact the Qualifications Team at firstname.lastname@example.org or on 020 7392 7400.