The Pensions Trusteeship stream is for anyone who wants a career in Pensions Trusteeship. Its focus is on running, managing and operating pension schemes within legislation and regulatory guidelines. The decisions, trustees make hugely influence member outcomes, ultimately impacting the lives of members currently in pension schemes.

Please refer to the Learning material here :

Pensions Trusteeship online learning materials

Pensions Trusteeship online learning materials

Trusteetoolkit

The following units will be assessed via short answer questions only:

Defined Benefit Arrangements

The aim of the unit is to provide an in depth understanding of trust-based defined benefit (DB) arrangements, building on and utilising the knowledge gained in the core units and applying it in a variety of scenarios, recognising the requirements of different stakeholders.

Defined Contribution Arrangements

The aim of the unit is to provide an in depth understanding of trust and contract-based DC arrangements, building on and utilising the knowledge they have gained in the core units to show that they can apply this in a variety of scenarios and recognising the requirements of different stakeholders.

Professionalism and Governance

Candidates will acquire an in-depth understanding of professionalism and ethics, as well as the importance of continuing professional development. They will explore risk and governance issues in pension schemes, and apply these principles practically. Additionally, they will develop the ability to effectively communicate their knowledge to relevant audiences.

The above are all part of the Advanced Diploma in Retirement Provision qualification

The following qualification is assessed by multiple choice questions:

Retirement Provision Certificate

The Retirement Provision Certificate is ideal for employees new to pensions, support staff and those professionals working in related fields. It provides a broad introduction to pensions and other related benefits in the UK.

Certificate in Pension Trusteeship

Certificate in Pension Trusteeship (CPT qualification) will give those people wishing to become Accredited Trustees the necessary qualification to prove their knowledge, and their application of this knowledge, in their role as a Accredited Trustee.

Diploma in Pension Trusteeship

The Diploma in Pension Trusteeship 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.

Please refer to the Pensions Trusteeship stream specification under 'useful resources' for further information regarding how the exams will be assessed.

Please note, we can only accept completion of units post 2016 only. Any exams passed pre 2016 would need to be taken again if you want to complete a particular steam. 

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You are advised to begin studying in November for the April examinations the following year and in May for the October examinations.

The Pensions Trusteeship stream comprises of 3 units and 3 qualifications.

6 units/qualifications out of the of the 6 units/qualifications must be passed in order to complete the qualification

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. (£75 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.