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The Award in Pension Trusteeship is a qualification for Trustees or those interested in Trusteeship, based on The Pensions Regulator’s indicative syllabus. It provides formal recognition of a Trustee’s knowledge and understanding (TKU) in line with the requirements of the Pensions Act 2004.

The APT is otherwise known as CPT unit 1.

We do hold 'Private Sittings of the APT (CPT unit 1) exams which take place online only. If you would like to hold a 'private sitting' please contact James Cumine directly to enquire about availability. 

Private sittings can hold no less than 10 individuals and at least 4 weeks notice must be given so that we can try and hold the exam on your chosen date. 

In order to sit this exam, you must ensure you adhere to the following:

  • Ensure you have access to a working webcam as you will be remotely invigilated
  • Ensure you have appropriate IT permission to download the Testreach exam app TestReach

Who is this course for?

Audience

Trustees or those interested in trusteeship.

The PMI APT is for those wishing to become an Accredited Trustee.

Learning support

Support

We recommend learners work through the e-learning programme of The Trustee toolkit, which has been developed by The Pensions Regulator to meet their Trustee Knowledge and Understanding (TKU) requirements.

Reading list

We provide a list which contains several items which will be of assistance to those preparing for these examinations, download it from Useful Resources below.

PMI Members are entitled to a 15% discount for core reading list item Spotlight on Pensions which is written by a past PMI president, Kevin LeGrand, and which is available on the Perspective platform with its unrivalled functionality.

 

The Pension Trustee's handbook is ideal for learners sitting the Award in Pension Trusteeship exam.

Robin Ellison is one of the leading experts on Trustee law and trustee requirements. Robin has written a number of books, including the predecessor of the Handbook. Robin has now produced a new and updated version called The Trustee Handbook and has offered the PMI the opportunity to partner with him and offer his book to our members.

 

The PENSION TRUSTEE’S Handbook

Unlock the complexities of pension fund management with the Pension Trustee’s Handbook, the ultimate guide for trustees and pension professionals. Written by Robin Ellison, a renowned expert in pensions law, this book is essential for both new and experienced trustees who want to excel in their role.

 

Key resource: A must-have for anyone pursuing the Award in Pension Trusteeship exam, the PMI Trustee Pathway qualification or involved in pension scheme management.

 

Who Should Read This Book?

  • New trustees: Get a solid foundation in pension fund management and trusteeship.
  • Experienced trustees: Deepen your knowledge with advanced topics in investment governance, legal compliance, and member engagement.
  • Pension professionals: An invaluable resource for those working in pension fund administration, law, or consultancy.

  

You can purchase the Pensions Trustee handbook via The Great British Bookshop here.

 

We are pleased to be able to offer a discount for individual purchases: PMI-promo-10

Assessment method

Note

This trustee qualification is assessed by a 90 minute 60 question multiple choice exam paper.

The exam results are sent to the learner via a 'Pass' or 'Fail' email, which will also include the learner's raw score and percentage achieved in their exam. No further breakdown is provided and the exam is not valid for 'appeal', as the paper will have already been reviewed and sign-off by our expert Committee, making it 'fit for purpose'. 

The nominal pass mark is 75%.

Study time

Calendar

95 hours

The qualifications comprises a single compulsory unit.

Cost

Wallet

Qualification Package (Non-Student Member)

£515

Qualification Package (Current Student Member)

£330

Student membership:

£185

Final certificate:

Free of charge

Replacement certificate:

£40 (PDF)/£85 (hard copy)

Final Fee 

£515

Please note: To sit this qualification, you must be at least a Student member of the PMI. 

You do not have to apply for a PMI membership separately as the applicable membership price (if required) will be added to you cart when registering for the exam.

For new students or former students returning to the PMI the student membership fee will be £185 and will be valid until 31st August 2026.

Existing student members will not be charged a membership fee at point of exam enrolment but will be invited to renew their membership in 2026.

 

Active PMI Trustee Group members will receive complimentary student membership.

Please get in touch with membership to have this activated before enrolling onto the qualification.