Course details Lead with confidence in trusteeship
A forward-thinking qualification for those navigating complex pension governance.
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’
Overview
Who is this course for
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
Learning support
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’.
Study time
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)
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.
Cost
Please note: To sit this qualification, you must be at least a Student member of the PMI.
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.
| Description | Cost |
|---|---|
| Qualification Package (Non-Student Member) | £682 |
| Qualification Package (Current Student Member) | £395 |
| Final certificate | Free of charge |
| Physical certificate: | £85 |
| Final Fee | £682 |
| Annual student membership fee | £287 |
Useful Resources
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Diploma in pensions trusteeship exam timetable 2026
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Diploma In Pensions Trusteeship Guidance
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Wider information set
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Testreach support process and incident management
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Testreach remote invigilation protocol
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Testreach candidate journey visual walkthrough
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FAQ testreach remote proctoring
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PMI examination information
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Diploma in pensions trusteeship specification
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PMI Withdrawal and deferral policy 2026
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PMI exam guide 2026
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Sample Questions
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Answers for Sample Questions
Important Information
Study recourses
The PMI provides a dedicated study skills website designed to support learners at every stage of their qualification journey. The site offers practical guidance on how to prepare effectively for exams, along with tips and insights into the specific exam formats you may be taking. You can access the study skills website here.
Assessment support
We are committed to fair and consistent assessment processes. Special consideration may be granted where a learner has been temporarily affected by circumstances beyond their control which may have impacted exam performance such as:
- Illness
- Injury
- Issues at the exam centre (for example, noise or disruption)
Further information on special consideration and the PMI’s approach to examinations, verification and assessment is available on the here.
The qualification would assume that a person who was taking this examination had the necessary level of knowledge and understanding to complete the trustee Toolkit and the PMI APT. The syllabus is therefore derived from the APT syllabus and indicates where a candidate could be expected to demonstrate problem solving ability. They would also have to be able to demonstrate the necessary soft skills as evident at working in the sector in this position at that level, and it is advisable, but not compulsory, to have completed the Certificate in Pensions Trusteeship, but this would be dependent on career path.
The Diploma in Pension Trusteeship will test the approach to problem, judgement, balancing of competing interests, analysis, problem solving and prioritisation assessed by a 1 hour 30 minute examination.
The examination will be in the form of multiple choice questions and separated in to two sections:
Knowledge and understanding of the syllabus and Case Study (application)
The questions would be relevant to the following specialisms:
- Large Defined Benefit Arrangement (including industry-wide schemes)
- Small Defined Benefit Arrangement
- Large Defined Contribution Arrangement (including master trusts)
- Small Defined Contribution Arrangement
- Independent Governance Committee
The Diploma in Pension Trusteeship is a single unit qualification that has four learning outcomes.
It is benchmarked at Level 5 on the Regulatory Qualification Framework (RQF). This is equivalent to a foundation degree, or a standard degree (without honours).
The PMI is committed to providing fair and consistent examination, verification, approval and assessment processes.
Visit the Wider information set page to find out more.
Contact our team here pmiqualifications@pensions-pmi.org.uk or call 020 7392 7400
The PMI have recently launched the 'study skills' website, which will help learners understand how best to prepare for their exams, as well as gives tips and information regarding the specific style of exams you may be taking.
The study skills website can be found here.
PMI Pathways
Pensions Trusteeship
Book your exam
Bookings for exams
Ready to take the next step in your qualification journey? PMI exam units are available throughout the year, giving you the flexibility to plan your studies and sit exams when the timing is right for you. Choose the units you’re ready for and progress at a pace that suits your professional commitments.
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’
7 October 2026:
Apply by 12 August 2026
Book here
Our dedicated team are here to help Start your journey with the PMI
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Got a question? Frequently asked questions
Which qualification is right for trustees?
If you are a pension scheme trustee looking to strengthen your governance knowledge and stay compliant with regulatory requirements, the Award in Pension Trusteeship (APT) is the ideal starting point. If you were wanting to become a PMI Accredited Trustee (Lay or Professional) we would also recommend taking the overall Certificate in Pension Trusteeship (CPT), which is a combination of the APT/Unit 1 exam, and the CPT Unit 2 ‘soft skills’ exam. For those Trustees who wish to highlight themselves at an even higher level, we offer our Level 5 Diploma in Pension Trusteeship (DPT) qualification. This is our highest level Trustee qualification, which deals with complex pensions issues, above and beyond just technical knowledge.
For those seeking a more advanced understanding, or aiming for a structured career path, you can also explore the PMI Pathways, which include the Pensions Trusteeship stream. This Pathway provides a clear route to further qualifications and ultimately offers a guaranteed way to achieve PMI Fellowship, the highest level of professional recognition.
Where do you hold your exams?
All PMI exams are currently being held online. Learners will be required to download the
TestReach application on the system/device which they will use to sit the exam. You can take your
exam in an office/work environment, or in the comfort of your own home.
What qualifications does the Pensions Management Institute (PMI) offer?
We offer a range of qualifications including:
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Award in Pension Trusteeship (APT)
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Certificate in Pensions Calculations (CPC)
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Certificate in Pension Trusteeship (CPT)
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Certificate in Pension Scheme Member Guidance (CPSMG)
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Diploma in Employee Benefits and Retirement Savings (DEBRS)
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Diploma in Retirement Provision (DRP)
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Diploma in International Employee Benefits (DIEB)
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Advanced Diploma in Retirement Provision (ADRP)
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Award in Pensions Essentials (APE)
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Certificate in Pensions Essentials (CPE)
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Certificate in Pensions Administration (CPA)
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Retirement Provision Certificate (RPC)
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Diploma in Pensions Administration (DPA)
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Diploma in Pension Trusteeship (DPT)
These cover pensions administration, governance, strategic management and more.
Are PMI qualifications recognised in the industry?
Yes, our Ofqual-regulated qualifications are widely respected and recognised by employers across the UK pensions and financial services sectors. With 50 years in the industry, we have gained recognition and built strong partnerships across the UK pensions and financial services sectors.
Do I need experience to study with the PMI?
No, we offer entry-level regulated qualifications for beginners, and advanced options for experienced professionals.
How do PMI qualifications compare to others?
PMI qualifications are uniquely offered by us in the UK, and are designed specifically for pensions professionals. While rooted in UK pensions expertise, they also cater to those working internationally on UK pension schemes, combining technical knowledge with practical application.
How do I register for a qualification or exam?
Visit our website to register, or contact us at pmiqualification@pensions-pmi.org.uk, and our trusted team will get back to you.
What study resources are available?
We provide:
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Study guides and syllabuses
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Webinars and tutor support
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Peer discussion groups
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PMI-approved training partners
Can I study online or part-time?
Yes. Our flexible learning options are designed to fit around your work and life commitments.
What if I fail an exam?
You can retake it. Each qualification is examined three times annually, enabling learners to retake assessments with enhanced flexibility and minimal delay. We offer feedback and support to help you succeed next time.
Where is my qualification certificate?
Your certificate will be available on your PMI portal within one week of receiving your exam results. Please login using MyPMI.
Can I order a replacement certificate?
Yes, we charge different prices for a PDF or hard copy. Please contact the Qualifications team directly to discuss your options here: PMIQualifications@pensions-pmi.org.uk
Where should I start if I’m new to pensions?
If you’re beginning your journey in pensions, we recommend looking at the Level 4 Retirement Provision Certificate (RPC). This qualification is designed for those new to the industry and provides a strong foundation in workplace retirement provision. We would also suggest that new learners take a look at our Competency Framework, which defines the technical and functional competencies required to perform effectively at all career levels within the pensions sector. It serves as a standard against which individuals’ knowledge, skills and behaviours can be assessed, guiding professional development, helping firms identify skill gaps, and informing qualification and training pathways.
PMI Pathways are also ideal for anyone looking for a clear starting point based on your current role, experience, and future ambitions. Each Pathway helps you identify the qualifications that will support your career progression and give you access to PMI membership, unlocking exclusive PMI benefits, resources, and networking opportunities.
Do I need to be a PMI member to study?
Yes, to study and complete any PMI qualification, you’ll need to hold at least student membership. This ensures you have access to essential resources, support, and PMI Benefits throughout your learning journey.
What are the entry requirements?
There are no minimum requirements to sit any PMI qualifications. Learners are advised to opt for a course/PMI Pathway as per their career aspirations. We would advise looking in depth at qualification specification/syllabuses and ensuring the information on the webpages is read in good detail. How hard are the exams?
The level of difficulty depends on the qualification, your experience, and the time you dedicate to study. On average, the pass rate across all PMI exams is around 70%. To help you succeed, we provide detailed exam formats, pass mark information, sample papers, and study guidance. Each qualification is assessed three times a year, giving you flexibility to plan and, if needed, retake an exam while the learning is still fresh in your mind. w. This means you can progress without unnecessary delays and prepare with confidence.
How many CPD hours will I earn with PMI qualifications?
You can earn up to 15 CPD hours per year through a variety of professional activities:
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Exam Setting and Marking – Setting, marking, or assessing pensions-specific or business-related exams, including PMI qualifications, qualifies for up to 15 CPD hours annually.
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Delivering Courses and Workshops – Leading presentations, workshops, seminars, or webinars on relevant topics also counts for up to 15 CPD hours per year. Preparation and research for these events are included, but commercial courses do not qualify.
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Further Education – Completing training courses or learning programmes for postgraduate or equivalent qualifications, including online options, allows up to 15 CPD hours annually.
What are the fees and is there member pricing?
Fees are shown on each qualification; member pricing applies where stated, go here for more: Qualifications - The Pensions Management Institute
How do I take an online exam?
You will be required to book yourself on to the exam you wish to sit via the PMI website. After bookings close you will then be contacted by TestReach in due course, who will provide you with log-in details for your account for the TestReach application closer to the date of your exam, which will enable you to take your online proctored exam.
Are there any pre-requisites to sit for a PMI exam/qualification?
There are no minimum requirements to sit any PMI qualifications. Learners are advised to opt for a course/PMI Pathway as per their career aspirations. We would advise looking in depth at qualification specification/syllabuses and ensuring the information on the webpages is read in good detail.
How do I decide which qualification or module would work best for me?
Leaners are advised to refer to the PMI's Competency Framework where we have aligned our qualification as per the career roles of the candidates. For further guidance and questions please contact the PMI qualifications team.
What type of questions can be asked in an online exam?
The assessment model would differ for each qualification. For example, the Retirement Provision Certificate (RPC) qualification is based on multiple choice questions, whereas the Certificate in Pension Calculations (CPC) is designed in a calculation-based format. The Advanced Diploma in Retirement Provision (ADRP) would be assessed based on multiple choice questions/short and long answer questions. For further details, learners are advised to visit the webpage of the qualification they are enrolling for, to get specific guidance.
What should I do if I miss my exam?
You can submit extenuating circumstances if your reasons for missing the exam were exceptional and beyond your control, which will then be reviewed before a decision is made. However, as per our exam policy, if you are a ‘no show’ for your exam and we do not receive a sufficient reason as to why you were not present, you would be required to book on again for the next sitting at the full cost of the exam if you wished to still sit it.
Can I retake an exam at a reduced price if I fail?
No, we do not offer exams at re-sit price.
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.
What happens if my internet connection fails during an online exam?
If your internet connection fails during an exam, we would request that you get in touch with the TestReach support team, who will attempt to troubleshoot and support you to get yourself reconnected with your exam and invigilator. If the problem continues to persist, you will be directed to the PMI Qualifications team where we will advise on the next steps to take.
When results of my online exam will be issued?
Please ensure you check the respective webpage of the exam that you sat for this information. Exam release dates will be posted on there, so you are aware as to when you can expect to receive your results.
Will I need ID for my exam?
Yes, you will need ID for your exam which will have to be shown to your online invigilator before you start. You will be made aware in the run-up to the exam of what ID is ‘valid’ and acceptable to use.
Do I have to stay for the whole duration of the exam even if I have finished?
No, you do not have to stay for the duration of your exam. If you are happy with the answers, you have provided and have clicked on the ‘submit’ button, you will be allowed to finish early.
Are there any minimum system requirements to take the examination?
There are minimum system requirements to sit your exam online. You can check to see if you fulfil these technical requirements by taking a look through the TestReach Remote Invigilation Protocol.
How is an online proctored exam different to an exam taken in a test centre?
The only difference is that the exam is taken online, so you can sit the exam in the comfort of your own home if you wish to do so. Fundamentally, however, there is no difference. By using TestReach we are ensuring that we are fully compliant with Ofqual regulations. Each learner is invigilated online by their exam proctor, who can see/hear the learner, as well as having a visual of their screen too, to see what the learner is viewing. Certain pre-exam checks are also taken beforehand, to ensure that the learner’s environment is acceptable for sitting an exam. All these factors ensure that the exams maintain their integrity and are in no way compromised by being held online. The TestReach Desktop App is very robust, safe to run and has been rolled out across the UK, in local government, emergency services, universities, pension administrators, financial corporations, etc. without any negative reports. Once the exam is completed, the TestReach App can be closed by clicking the button and has no notification service or any other configuration that runs whilst the application is not in use. Furthermore, TestReach is compliant with ISO standards and exams run are approved by many accrediting bodies.
What happens during the environment checks for remote invigilated exams?
Please refer to the information in the TestReach Remote Invigilation Protocol, which describes the validation protocol and the steps that trained invigilators will take to verify the identity of the candidate and to ensure that the candidate’s test environment is secure – this is for your information, and to know what to expect during the online exam.
Can I take a break during my exam?
Although comfort breaks are of course allowed, you should inform your invigilator beforehand (like you would in an exam centre). Your exam will NOT be paused/stopped while you have breaks, so please be mindful of how much time you have remaining for your exam.
Can I eat or drink during my exam?
All PMI exams should be taken in exam conditions. Although snacks are allowed, eating a full meal (breakfast/lunch/dinner etc.) is not permitted.
In short written answer exams what functionality is there in the exam environment while writing the answer?
The following formatting options are available:
- Font size
- Bold
- Italic
- Underline
- Text aligns (left, centre, right)
- Undo
- Redo
- Indent
Why do I need to confirm that I agree to the PMI Terms and Conditions before I can enter the
examination?
examination?
Even though taking an examination at home may be perceived as being a more relaxed environment, you are under strict examination conditions. For example, if you were to take your examination in a physical test centre, you are required to conduct yourself in accordance with the PMI candidate guidance in operation at the time and abide by the Examination Rules and Regulations. Any breaches of these could result in your examination being flagged to the PMI Qualifications team to review as part of the PMI Malpractice Policy.