The Pensions Management Institute has today launched its latest qualification, the Certificate in DC Governance.
The new qualification is designed for those running, advising on or governing workplace pension schemes, including members of governance committees, trustees and scheme secretaries, individuals working in allied professions and independent financial advisors. The qualification will provide an understanding of the requirements and standards of governance relating to defined contribution workplace pension schemes. It will comprise of a single compulsory unit, assessed by a 90-minute examination consisting of 90 multiple choice questions that are designed to test knowledge from across the syllabus.
Vince Linnane, Chief Executive of the PMI said: “We believe that good governance is integral to the operation of any pension scheme, so we’re very excited to be launching our DC governance qualification. By working with Towers Watson and Mayer Brown, our two study partners, we have created a standalone qualification and supporting material that, upon completion, will allow the holder to demonstrate that they fully understand the governance requirements relating to defined contribution workplace pensions.”
The new qualification forms part of the range of qualifications provided by the PMI which set the standards for apprentices through to experienced pension professionals. It will be particularly relevant and topical following the recent changes in the DC market and the increasing importance of DC within the pensions landscape.
The first examinations will take place from October.