This Diploma will be of interest to a variety of PMI members and others acting as trustees of DB and DC workplace pension schemes including:

• Members of Governance Committees
• Trustees and Scheme Secretaries
• Those who have completed the Pensions Regulator’s trustee Toolkit
• Those interested in trusteeship

There is no intention to produce any study materials to cover the technical content of this qualification, although there are many textbooks on the subject of trustees and trusteeship, and the PMI will provide a reading list of these plus journals and magazines for guidance (within Guidance Document).

It is envisaged that training materials/courses may be developed in future, via a series of ‘Masterclasses’.

This is also known as Total Qualification Time (TQT).

TQT is a measure required by Ofqual the qualifications regulator and is comprised of:

• Guided Learning Hours (GLH). This means time spent being taught by an instructor (and not necessarily face to face);

Guided learning hours (GHL)              0              (Distance learning)

Self-study (SS)                                      160            (40 per learning outcome)

Formative Assessment (F)                  2              (Mock Exams)

Summative Assessment (S)                2              (Online Exams)

Total Assessment Time (TAT)              4              (F+S)

Total Qualification Time                     164 Hours (GLH+SS+TAT)   

• Study Time. This means self-study/revision/reading
• Assessment Time: This is both Formative and Summative (Mock Exams and Final Exams)

The above estimates are based on evidence we have gathered from users of our qualifications, past experience and benchmarking exercises. The evidence we have gathered indicates that there is considerable variation within the overall TQT estimates as blended approaches are common with differing mixes of Guided Learning and other elements which contribute to TQT.

These estimates are reviewed regularly.

Qualification Package (Non-Student Member) £573

To sit this qualification you must be an active member of the PMI. Student membership is currently £178 and will be added to your total fee at checkout if you are not already a PMI member. (£90 from 1 April 2024 – 31 August 2024). The student membership cycle runs from the 1 September to 31 August.

For former PMI members enrolling in this qualification an additional re-instatement fee of £35 will also be applied at the check out stage.

Qualification Package (Current Student Member) £395

Re-Sit Fee (Current Student Member) £395

Re-Sit Fee (Non-Student Member) £573

Final certificate: Free of charge

Replacement certificate: £40 (PDF), £85 (hard copy)

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