UK - A total of 82 independent financial advisers have been successful in the first sitting of the PMI's Financial Adviser Certificate in Trustee Pensions Knowledge.
The certificate – developed in conjunction with OPRA – is intended to show that financial advisers understand the duties and legal obligations of trustees under the Pensions Act 1995.
OPRA chairman Harriet Maunsell said: “The IFAs who can now offer such in-depth pensions knowledge to their trustee clients will help ensure that schemes are run effectively, efficiently and to the benefit of their members.
PMI president Ian Eggleden added: “These results show a very encouraging start following the launch of our new certificate.
“Demand for the certificate has been high, with many more IFAs due to take the next exams in June and October.”
The PMI initiative – which was launched in September 2002 – is supported by the Association of British Insurers, the Association of Independent Financial Advisers and the Chartered Insurance Institute.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?
RPMI Railpen is in the next step in the journey towards achieving cost disclosure. Victoria Bell tells Stephanie Baxter about taking part in the Cost Transparency Initiative's pilot phase
Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
Chris Hannon has been named chairman of the Railways Pensions Trustee Company after a unanimous vote of approval from its board last week.