PMI launches qualifications changes to boost pension sector skills

The Pensions Management Institute (PMI) has rolled out a new set of changes to its qualifications package in a bid to lift industry standards. 

This comes after the sector has faced a more complex landscape and greater regulatory scrutiny, with the Government and The Pensions Regulator (TPR) warning that more upskilling is needed for both defined benefit (DB) and defined contribution (DC) schemes.

Gareth Tancred, CEO of the PMI, said: “In a rapidly evolving and more complex system, those running pension schemes are on the front-line of creating better-run schemes that deliver good saver outcomes.

“That’s why our new qualification improvements reflect the PMI’s deep investment in the future of pensions. 

“Our mission is to bridge the skills gap without compromising quality.”

Tancred added: “This is not about making it easier to gain our qualifications. 

“This is about streamlining our learning journey to unlock a new wave of talent, ready to lead in a world where resilience and an ability to embrace financial sustainability, innovation and technology are fundamental.

“We’ve listened to the Government, the regulator and industry to introduce measures that will enhance our qualifications system, and ultimately better protect savers.”