- The membership has been simplified by introducing 5 streams that all lead to fellowship and follow the same membership journey starting from student membership to fellowship

- By increasing the number of routes to achieving Fellowship status, you can have a better career focus, aiming at long term goals and senior roles.

- Certificate and Diploma members under the old structure will have better representation as part of a larger 'Professional' group

- The five streams leading up to fellowship creates a more diverse mix of senior members that is more representative of PMI’s membership.

- The routes to Fellowship recognise the importance of trustees and there is now a trustee specific pathway

- For some, duplicate fees for having dual memberships will be removed

- Trustee firms will be able to use the structure and trustee stream to better promote a career in trusteeship

No, it will not be easier to become a Fellow member but the membership journey to fellowship has been made more inclusive. There will now be a combination of exams via 5 different pathways instead of just one traditional route which historically has been the completion of all the Advanced Diploma in Retirement Provision units. If a member successfully completes all of the combination of units/exams in one of these pathways, they will be eligible to upgrade to PMI Fellow membership providing the below criteria has also been met :

1. Five years continuous at the PMI and five years continuous recorded CPD with the PMI.

Certificate and Diploma members will have a different set of post-nominals after their name. As all Certificate and Diploma members will become Professional members of the PMI, the new postnominals will be ProfPMI. Post nominals are not available to learners enrolled as student members who have not yet passed a qualification. Learners must meet the entry criteria and have that relevant membership to use post nominals.

Certificate and Diploma members will have a different set of post-nominals after their name. As all Certificate and Diploma members will become Professional members of the PMI, the new postnominals will be ProfPMI. Post nominals are not available to learners enrolled as student members who have not yet passed a qualification. Learners must meet the entry criteria and have that relevant membership to use post nominals.

Yes. Historically, trustees would likely have taken the Certificate in Pension Trusteeship Units 1 and 2, and, more recently, the Diploma in Pension Trusteeship. If a trustee wanted to become a Fellow, they would have to also take the Advanced Diploma in full. Now, following the trustee stream, a trustee can take the additional exams to complement those already taken, and achieve Fellowship. Having a trustee stream to Fellowship also means we can help make trusteeship a career of choice for those entering the profession.

If you are currently a Certificate member (CertPMI) you will pay an increase in your membership fee when you are transferred over to ProfPMI membership. If you are a Diploma member you will pay less when you are transferred to ProfPMI membership. The new ProfPMI membership fee will be priced somewhere between the existing two membership fees. For the other membership grades, members will pay the approved 2022-23 membership fees, which will be reviewed again in 2023 before the September 23/24 renewal period.

Yes, there is still a reduced rate for retired members and non-working which any member who is working less than 10 hours a week.

Please note some of the benefits listed below are currently under review and/or being implemented and will be ready for the launch of the new Membership structure in April 2023.

Students

• Discounted member rates at PMI conferences and seminars
• Some free places at PMI upcoming events – (Mentoring and Development F2F events for past and present participants on the programme, any student specific events)
• Pensions Aspects (monthly magazine)
• PMI Technical News (quarterly technical supplement)
• Free access to PMI webinars
• Opportunity to join regional groups
• Opportunity to sign up as a mentee on the Mentoring and Development programme
• HMCA discounts (Up to 40% of discounted rates for medical, dental, hospital cash and travel plans as well as income protection and vehicle breakdown products.)
• Pension Careers – Online job board
• Chance to win £1000 (Student Essay Competition)
• TOTUM PRO (Discounts and deals to hundreds of essentials – eating out, fashion, technology, travel etc)

Professional members (Certificate and Diploma members under the old structure)

• Discounted member rates at PMI conferences and seminars
• Designation ProfPMI after your name
• Interview and CV support from a recruiter
• Introduction or referrals for pensions related topics
• Complimentary Trusteeship membership (If enrolled on trustee pathway)
• Pensions Aspects (monthly magazine)
• PMI Technical News (quarterly technical supplement)
• Free access to PMI webinars
• Opportunity to join regional groups
• Opportunity to sign up as a mentee on the Mentoring and Development programme
• Can be co-opted onto PMI committee and councils
• HMCA discounts (Up to 40% of discounted rates for medical, dental, hospital cash and travel plans as well as
• income protection and vehicle breakdown products.)
• Pension Careers – Online job board
• Chance to win £1000 (Student Essay Competition)
• TOTUM PRO (Discounts and deals to hundreds of essentials – eating out, fashion, technology, travel etc)

Associate members

• Discounted member rates at PMI conferences and seminars
• Designation APMI after your name
• Interview and CV support from a recruiter
• Introduction or referrals for pensions related topics
• Complimentary Trusteeship (If working or interested in a trustee role)
• Pensions Aspects (monthly magazine)
• PMI Technical News (quarterly technical supplement)
• Free access to PMI webinars
• Opportunity to join regional groups
• Opportunity to sign up as a mentee on the Mentoring and Development programme
• Can be co-opted onto PMI committee and councils
• HMCA discounts (Up to 40% of discounted rates for medical, dental, hospital cash and travel plans as well as income protection and vehicle breakdown products.)
• Pension Careers – Online job board
• TOTUM PRO (Discounts and deals to hundreds of essentials – eating out, fashion, technology, travel etc)

Fellow members

• Discounted member rates at PMI conferences and seminars
• Exclusive Fellow only free events
• Designation FPMI after your name
• Interview and CV support from a recruiter
• Introduction or referrals for pensions related topics
• Voting rights
• Complimentary Trusteeship
• Access to PMI’s Membership Directory
• Pensions Aspects (monthly magazine)
• PMI Technical News (quarterly technical supplement)
• Free access to PMI webinars
• Opportunity to join regional groups
• Opportunity to sign up as a mentee on the Mentoring and Development programme
• Can be co-opted onto PMI committee and councils
• HMCA discounts (Up to 40% of discounted rates for medical, dental, hospital cash and travel plans as well as income protection and vehicle breakdown products.)
• Pension Careers – Online job board
• TOTUM PRO (Discounts and deals to hundreds of essentials – eating out, fashion, technology, travel etc)

Yes, it is compulsory for Associate and Fellow members with a full membership. Recording your CPD demonstrates that you are working to ensure your knowledge and skills are up to date. By participating in the CPD programme, you act to mitigate risk and enhance your skills and competences, enabling employers, stakeholders, and clients to feel confident in your abilities as a professional.

More information on the CPD process at the PMI can be found here

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.

Yes, the ADRP will be available for five more years from the date we launch the new member streams.

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).

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.