The pensions management technical competencies set out the competencies needed to be effective in the pensions industry at all career levels.

The technical competencies have been developed in consultation with the industry to reflect the needs and requirements of the profession.  This document sets out the standards; explains how they can be used and by whom and directs readers to sources of information, learning materials and qualifications.

The technical competences can be used by:

• employers;
• pensions professionals and trustees;
• training providers;
• the Pensions Management Institute (PMI).

Employers can use the technical competences to:

• identify gaps in an organisation’s skills and expertise;
• plan the workforce to meet future challenges;
• identify and commission targeted training that makes better use of resources;
• create a snapshot picture of an organisation’s skills, strengths and areas for development;
• form the basis for pathways to talent management;
• inform organisational succession plans.

Pensions professionals and trustees can use the technical competences to:

• identify their strengths and areas for development;
• help them choose which qualifications and learning interventions would best help them;
• plan their careers.

Training providers can use the technical competencies to:

• design training interventions that align to the technical competences;
• develop learning materials that support the development of the competences specified in the technical competences.

The PMI can use the technical competencies to:

• develop/specify learning products and services;
• develop HR tools;
• inform the membership application process.