Pensions Trusteeship
Prepare to become a trusted Professional Trustee with our dedicated programme. You will acquire advanced knowledge and professional skills in managing and operating pension schemes within regulatory frameworks, directly impacting the financial security and well-being of pension scheme members through your decisions.
Who is this pathway for?
The Pensions Trusteeship stream is for anyone who wants a career in Pensions Trusteeship.
About this pathway:
This pathway focuses is on running, managing and operating pension schemes within legislation and regulatory guidelines. The decisions, trustees make hugely influence member outcomes, ultimately impacting the lives of members currently in pension schemes.
Pensions Trusteeship
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Qualification
Certificate in Pension Trusteeship
The Certificate in Pension Trusteeship will give those wishing to become Accredited Trustees the necessary qualification to prove their knowledge and their application of this knowledge, in their role as an Accredited Trustee.
Qualification
Award in Pension Trusteeship
The Award in Pension Trusteeship (APT) is designed for trustees and those interested in becoming an professional or lay accredited trustee. It follows The Pensions Regulator’s indicative syllabus and provides formal recognition of your Trustee Knowledge and Understanding (TKU), as required under the Pensions Act 2004. This qualification is also referred to as CPT Unit 1.
Qualification
Diploma in Pension Trusteeship (DPT)
The Diploma in Pension Trusteeship (DPT) is a new, standalone award, designed to show judgement when dealing with complex pensions issues, above and beyond technical knowledge.
The aim of this qualification is to increase professionalism further and highlight the distinction between Lay/Member nominated trustees and Professional trustees qualified at the same level. The Diploma is the PMI’s first qualification to integrate ESG into its course material, making it a markedly more advanced qualification’
Qualification
Retirement Provision Certificate
The Retirement Provision Certificate 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.
Unit
Defined Benefit Arrangements
The aim of the unit is to provide an in depth understanding of trust-based defined benefit (DB) arrangements, building on and utilising the knowledge gained in the core units and applying it in a variety of scenarios, recognising the requirements of different stakeholders.
Unit
Defined Contribution Arrangements
The aim of the unit is to provide an in depth understanding of trust and contract-based DC arrangements, building on and utilising the knowledge they have gained in the core units to show that they can apply this in a variety of scenarios and recognising the requirements of different stakeholders.
Unit
Professionalism and Governance
The aim of the unit is to provide candidates with:
- An understanding of the importance of professionalism and ethics
- The importance of continuing their own professional development
- An appreciation of risk and governance issues as they apply to pension schemes
- The opportunity to demonstrate their ability to apply risk and governance principles in a practical situation
- Evidence that they can communicate their knowledge in a way that is relevant to their audience.
Pensions Trusteeship
Cost
To sit this qualification, you must be a PMI Student member. If applicable, a £287 student membership fee will be automatically added at checkout when you register for the exam, no separate membership application is required.
Certificate in Pension Trusteeship (CPT also known as CPT unit 2) |
£330 |
Award in Pensions Trusteeship (APT known as CPT unit 1) |
£330 |
Diploma in Pension Trusteeship (DPT) |
£395 |
Retirement Provision Certificate (RPC) |
£520 |
Defined Benefit Arrangements (unit) |
£560 |
Defined Contribution Arrangements (unit) |
£560 |
Professionalism and Governance (unit) |
£560 |
Transcript |
£25 |
Final Pathway Certificate |
£85 |
Development Partners |
Please contact us for your discount |
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Got a question? Frequently asked questions
What happens if I do not want to undertake one of the 5 new qualifications pathways?
Individuals are not being forced to undertake one of the five new pathways and you are welcome to take a stand-alone qualification by itself if you wish. It is completely up to an individual what route they want to take, and no one will be forced down a particular avenue.
Is the Advanced Diploma in Retirement Provision still an available qualification?
Yes, the ADRP will be available for five more years from the date we launch the new member streams.
I am part-way through the Advanced Diploma Qualification, should I switch to one
of the new pathways?
of the new pathways?
The decision is yours to make. If you feel one of the new pathways is a beneficial route to undertake and suits your educational/career needs, then you are welcome to do so. If you want to continue with the current Advanced Diploma, you will have five years to complete any remaining units (five years from the date of launch).
I think I have finished all of the units within the Retirement Provision stream, what do
I need to do to claim for the certificate?
I need to do to claim for the certificate?
Please note, anything post 2016 can be claimed for with regards to one of the new pathways, but anything pre 2016 would need to be passed again in order to count towards one of the new steams. This is to ensure the qualifications can be matched against the qualifications we currently offer. There will be a fee to claim for the final certificate.
Can I still complete the Advanced Diploma in Retirement Provision without following the new pathways?
Yes, you can! If you prefer not to follow the new pathway model, you can still sit and complete the singular qualification for the Advanced Diploma in Retirement Provision. However, this option will only be available until April 2028.
I’ve passed some units/qualifications before 2016. Will they count towards the new pathways?
No, unfortunately, any units or qualifications passed before 2016 will need to be retaken if you want to qualify for one of the new pathways. However, we will accept passes from units or qualifications achieved post-2016.
How do PMI Pathways affect membership?
PMI Pathways has introduced five career-specific routes to Fellowship. If you were an existing Certificate or Diploma member, in 2023 you were automatically migrated to the new Professional Membership. This means your membership status now aligns with the new structure, providing more opportunities to progress in your career.
I’ve completed qualifications or units that didn’t make me eligible for Certificate or Diploma membership under the old structure. Am I eligible for Professional Membership now?
Yes, under the new pathways, if you’ve completed a PMI qualification or combination of units that didn’t previously make you eligible for Certificate or Diploma membership, you may now qualify for Professional Membership. Contact us to check your eligibility.
What if my Certificate or Diploma membership lapsed?
If you were a lapsed Certificate or Diploma member, you have also been migrated to the new Professional Membership. You can reinstate your PMI membership to take advantage of enhanced member benefits. Reach out to us to discuss reinstatement.
Do I need to retake qualifications to progress towards Associateship?
If you wish to progress towards Associateship, you must retake any qualifications or units completed before 2016. Only qualifications and unit exams taken in 2016 or later will count towards Associateship.
Is there a sample paper that I can view prior to the examination?
Yes, past papers can be viewed here.
Do I need to download any software onto my computer to take the examination?
Yes, you will be required to download the TestReach application to your device (laptop/desktop computer). If you are going to be taking your exam using a work device, we strongly urge you to get in touch with your IT team ASAP, who may need to enable certain permissions for the application to be downloaded and accessed. It is crucial that this is actioned in good time and as early as possible, as all learners are required to schedule themselves onto their exam 72 hours before they are due to sit the exam, to pass all the system checks, to avoid any issues on the day of the exam. A link to download the TestReach application is available on our qualification webpages.
Am I eligible for extra time during the exam?
Yes, if you have any medical conditions that inhibit your ability to complete an exam within the standard timeframe, e.g., dyslexia, or any other medical disorders, then we can offer you an additional 25% extra time on top of the standard exam time. We would need supporting evidence, such as a medical note from your doctor, to be provided to us, which would then be reviewed by a member of the team and a decision then made. If you require extra time, the PMI Qualifications team will get in touch in the run-up to your exam and request it from you in due course.