Continuing Professional Development Scheme of the Pensions Management Institute (PMI)
These regulations are made by the Board under article 13 of the Institute’s Articles of Association. They cover the CPD scheme for PMI members but do not cover the CPD requirements of the PMI Accredited Adviser Programme (PMI AAP), which has its own separate CPD regulations.
Criteria for Participation in the CPD Scheme by Members
- With the exception of those Fellows belonging to the “retired”/”non-working” or life member categories, all Fellows are required to participate in the CPD scheme from 1 January 2010.
- With the exception of those Associates belonging to the “retired”/”non-working” or life member categories, all Associates are required to participate in the CPD scheme from 1 January 2011.
Manner of Participation
- Members may participate in the scheme by using the online recording system provided by the PMI for the purposes of recording CPD activity.
- A member may participate in the CPD scheme operated by another body in cases when the member is able to make a declaration that the other scheme requires a standard and volume of CPD activity at least equivalent to the PMI’s scheme. For example, the CPD schemes operated by the Law Society, the Actuarial Profession, CII, ICAEW, ACCA]. In addition, members who meet the CPD requirements under the PMI AAP will be deemed to have met the requirements for the PMI CPD scheme.
- Members may participate in the scheme by submitting a record of their CPD using a form made available for that purpose on the PMI website. The PMI reserves the right to withdraw this facility at any time.