APTITUDE® by Pensions Management Institute

APTITUDE® by Pensions Management Institute APTITUDE® by Pensions Management Institute

Pensions Excellence Building credibility and raising standards with APTITUDE - Accreditation for Professional TrusteesPMI represents over 2000 pension

schemes including DB, DC, Master Trust, and local government funds.

For more than 40 years UK’s leading pension schemes and providers have relied on the PMI to provide the strategic insights they need to build and promote excellence within the industry, as well as sustaining competitive advantage.

Leveraging a portfolio of over 6500 pensions professionals, we attract the key decision makers driving schemes strategy and spend on imperative issues. We focus on building long-term partnerships with our Insight Partners, speakers, delegates and sponsors to ensure that our programmes are not only relevant but connect to the real world limitations, challenges and opportunities faced by our members.

Developed by the Pensions Management Institute, the APTITUDE programme was formed following standards published by the Professional Trustee Standards Working Group (PTSWG) in 2019 to raise standards and provide assurance about the quality of professional trustees and discourage poor practices in the industry.

Professional trustees play an important role in pensions and should have a greater level of expertise and knowledge to meet a higher standard of care in comparison to other trustees.

More than 40 years of experience in supporting our members and driving thought leadership in the industry.

APTITUDE® by Pensions Management Institute APTITUDE® by Pensions Management Institute

Accreditation requirements Trustee benefitsThe APTITUDE programme is open to all professional pension scheme trustees, who meet The Pensions Regulator’s (TPR) description of a professional trustee.

To hold accreditation, professional trustees will have to pass an initial application, which includes the following: • have successfully completed the latest TPR’s Trustee Toolkit;• have passed the Pensions Management Institute’s Level 3 Certificate in Pension Trusteeship (CPT) Unit 1 - Professional Trusteeship - a multiple-choice exam of 60 questions, lasting 90 minutes. (Please note, learners already holding the Award In Pension Trusteeship (APT), will be exempt from sitting Unit 1, and it will count towards the final certificate as having been completed.);• have passed the Pensions Management Institute’s Level 3 Certificate in Pension Trusteeship (CPT) Unit 2 - Soft Skills - a multiple-choice exam of 60 questions, lasting 90 minutes;• comply with the ‘fit and proper’ requirements;• basic Disclosure and Barring Service (DBS) check;• proof of credible and relevant employment history within the industry for the past 5 years;• references from two reputable figures within the industry, such as an existing accredited professional trustee, a pensions lawyer or a scheme actuary.

To maintain your accredited status, you will be required, on an annual basis, to confirm: • that you remain ‘fit and proper’ in accordance with TPR’s requirements;• that you continue to adhere to the ‘Standards for professional trustees of occupational pension schemes’ that were originally developed and established by the Professional Trustee Standards Working Group;• that you have completed any new or updated modules in TPR’s Trustee Toolkit;• proof of credible and relevant employment history within the industry for the past year;• that you have completed twenty-five hours’ relevant continuing professional development (CPD) in the previous year. At least fifteen hours of these must be structured CPD (‘structured’ means a formal event such as a conference, seminar or formal trustee training session); and in addition • you must apply for a new basic Disclosure and Barring Service (DBS) check every three years and submit the certificate to us as part of that year’s annual renewal application.

FeesLevel 3 Certificate in Pension Trusteeship (CPT) Unit 1 exam £300* Level 3 Certificate in Pension Trusteeship (CPT) Unit 2 exam £300* Accreditation application processing (with 3-year subscription) £250+VAT**Accreditation application processing (without 3-year subscription) £500+VATAnnual renewal £500+VAT

*Excluding resit fees if applicable **Welcome offer available to new applicants who sign up to a minimum three-year subscription

From our monthly magazine to networking events, all PMI accredited members receive numerous benefits that support their professional development:

PMI accredited CPD events

Professional Trustee dinner and networking event

free entry to annual Trustee Workbench

free entry to 10 annual Trustee Roundtables

webinars

10x printed copies of Pensions Aspects (+ digital issues)

Technical News (quarterly technical supplement)

Pensions Age Magazine

member rates at PMI events

free participation in member initiatives (including mentoring programme, student essay competition and more)

PMI Extra discounts and offers

APTITUDE® by Pensions Management Institute APTITUDE® by Pensions Management Institute

Employer benefitsPMI APTITUDE programme is an essential choice for all employers in the industry. For more than 40 years UK’s leading pension schemes and providers have relied on the PMI to provide the strategic insights they need to build and promote excellence within the industry, as well as sustaining competitive advantage.

It is our mission to continue building credibility and raising standards with the trusted APTITUDE accreditation programme by offering:

over 40 years of pensions expertise, a long-standing track-record

Ofqual regulated qualifications

our experience in running an accreditation programme on behalf of the FCA

professional development support from an independent body

support from our dedicated membership, qualifications and compliance teams

credibility in managing disciplinary processes

PMI conferences, seminars, roundtables and other industry events

extensive CPD opportunities

networking

mentoring

dedication to developing soft skills

automated and secure data processing

We also offer a number of customised benefits to firms accrediting all their professional trustees, such as co-branded certificates, in-house exams and joint press coverage.

Head officePensions Management InstituteFloor 20Tower 4225 Old Broad Street London EC2N 1HQ

Contact number+44 (0) 20 7247 1452

Contact emailmembership@pensions-pmi.org.uk

www.aptitude-pmi.org.uk

Head office address after relocation on 27 April 2020Pensions Management InstituteHalkinFloor 810 Lower Thames StreetLondonEC3R 6AF

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APTITUDE® by Pensions Management Institute