TPAS first to complete PMI automatic enrolment qualification
The Pensions Management Institute (PMI) has announced that TPAS is the first organisation to successfully complete its new Certificate in Pensions Automatic Enrolment. This qualification, the first of its kind, is designed to meet the needs of a range of individuals who are advising on and implementing the requirements of automatic enrolment in the workplace, launched in October 2012.
Vince Linnane, Chief Executive of the PMI, commented:
"We have been extremely encouraged by the market response to the launch of the Certificate. Already we have had over 150 individuals sign up representing more than 60 different companies who have put staff forward to sit the qualification. It has confirmed our belief that there is a huge demand for raising the testing standards and practical guidance around automatic enrolment regulations as we enter the next phase of companies' staging dates.
"This new qualification provides individuals, who may never have had to deal with pensions before, with a unique insight into the practical application and effective implementation strategies surrounding automatic enrolment as well as the legal employer obligations."
Marta Phillips OBE, Chief Executive of TPAS, commented:
"We welcome any initiative that better prepares the industry for this new phase in pensions. As an organisation we are committed to making sure our staff are as highly trained as possible and not only able to meet the standards required, but exceed them.
"We are very pleased to be the first organisation to have sat for this qualification and that all of the staff who sat the examination passed it. It has been a helpful learning experience and consolidated the knowledge of our technical staff on this important new legislation. We firmly believe that this qualification demonstrates our capability as experts in this field and our staff and clients are already reaping the benefits."
The qualification comprises of a single compulsory module, which requires candidates to work through a study manual with case studies of approximately 35-40 hours of work. It is assessed by a 60 multiple choice question examination designed to test knowledge across the syllabus. For more information about the examination please visit the PMI website by clicking here.