Welcome to PMI's Trustee Accelerator Programme (TAP)

Welcome to your dedicated resource hub, where you can access valuable materials from your training programme. Here, you will find session recordings, supplementary documents, and other essential tools to support your learning and professional growth.

Achieve your career goals with the TAP

The PMI in collaboration with Standard Life, is excited to offer a comprehensive virtual Trustee Training programme designed for professionals aspiring to become proficient and knowledgeable Pensions Trustees. Spanning over two years and comprising eight in-depth sessions, this programme aims to cultivate a new generation of skilled Trustees ready to meet the challenges of modern pensions management.

Programme Highlights

Duration: Two-year virtual training programme
Sessions: Eight focused sessions
Aim: Equip aspiring Trustees with essential knowledge and practical skills to excel in their roles

UNIT 1 | 26 June 2024

Session covered:

Fundamentals of trust law
Trust Deed and Rules Eligibility to be a trustee
Appointment and Removal of Trustees Protections for trustees
Types of Trustee Powers of Trustees Key
Pensions Legislation
Balance of Powers between Trustees and Sponsor
Trustee duties under trust law and statute
Managing Conflicts of Interest
The role of professional advisers
The appointment of advisers (including Section 47 of PA 95)
Challenging Advisers
Need to invest scheme assets
Employer covenant

Ten Questions to Help Trustees to Challenge their Advisers

The trustee role can be viewed as similar to that of a non-executive director; they are expected to make decisions on a range of topics.

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Assessing and Monitoring the Employer Covenant

The Pensions Regulator provides practical guidance on how to assess the employer covenant of a DB pension scheme as part of an integrated approach to managing scheme risks, monitor the covenant and take action to improve scheme security.

Download here

PowerPoint slides - Unit 1

Download the Unit 1 PowerPoint slides from the session to review key points and reinforce your understanding of the topics covered.

Download here

Regulatory Code of Practice

This code of practice is issued by the Pensions Regulator, the body that regulates work-based pension arrangements

Download here

UNIT 2 | 6 September 2024

Session covers:

Pensions Tax regime
The role of the Pensions Regulator
Internal Dispute Resolution Procedure (IDRP)
Member Nominated Trustees
Bank Account
Internal Controls
TKU
State Pensions
History of contracting out
Auto-enrolment

The Trustee toolkit - Pensions Law

By the end of this tutorial you will better understand:

the legal requirement to have an internal dispute resolution procedure (IDRP)
the steps involved in an effective IDRP what a ‘reasonable period’ is in relation to dispute resolution
the roles of MoneyHelper, the Pensions Ombudsman and the Financial Ombudsman

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PowerPoint slides - Unit 2

Download the Unit 2 PowerPoint slides from the session to review key points and reinforce your understanding of the topics covered.

Download here

Summary notes

Trustee Knowledge and Understanding - TPR

The law requires that trustees have knowledge and understanding of (among other things) the law relating to pensions and trusts, as well as the principles relating to the funding of pension schemes and the investment of scheme assets.

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UNIT 3 | 5 December 2024

Session covers:

DB Scheme Design
Asset classes
Risk and return (inc Mansion House)
Issues associated with overseas investment
Other asset types
LDI
Actuarial valuations
Funding methods

PowerPoint slides - Unit 3

Download the Unit 3 PowerPoint slides from the session to review key points and reinforce your understanding of the topics covered.

Download here

Summary notes

PowerPoint slides - Unit 4

Download the Unit 2 PowerPoint slides from the session to review key points and reinforce your understanding of the topics covered.

Download here

Summary notes

PMI Exam qualification information

UNIT 4 | 5 March 2025

Session covers:

Scheme Design
DC contributions
Decumulations for DC schemes
DC fund range
Default fund design
De risking options
Unitised funds
Chair’s Statement

Upcoming training sessions

Join and learn more

05 Jun

Annual Conference 2025

05 June 2025 | 8:30 - 17:45

The Annual Conference 2025 is a flagship event of the PMI, bringing together leading experts, policy...

22 Bishopsgate, London EC2N 4BQ

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09 Jun

PMI Cybersecurity Training 2025

09 June 2025 | 9-13 June | 10:00 - 11:00 every day

This comprehensive online course is designed to equip pension professionals with the knowledge and s...

Online

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19 Jun

Trustee Workbench (London) 2025

19 June 2025 | 9:00 - 13:40

PMI’s new and improved half-day workbench is designed exclusively for pension scheme trustees, offer...

Mayer Brown LLP, London

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Providing high quality education

The PMI Academy has been established to promote stronger, more effective pensions and financial knowledge around the world. Get in touch if you would like to join our mission and provide high quality education for the pensions and financial services sector.

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