PMI Pathways streamlines the organisation’s membership grades into four levels: Student, Professional, Associate, and Fellow. The new Professional grade of membership combines the PMI's existing certificate and diploma grades while the simplified Pathways structure allows students to develop better-defined career paths and take exams that are more relevant to a wider range of roles in the pensions industry.
The PMI Pathways improvements are designed to be more inclusive by creating five separate routes to fellowship: Retirement Provision, Pensions Admin (Technical), Pensions Trusteeship, Pensions Benefits, and Pensions Admin (Practical). Pathways structure means it is easier for professionals working in different parts of the industry to obtain the Fellowship level of membership. This will make the PMI's senior membership more diverse and representative of the entire industry. It also gives more members the opportunity to stand on the PMI's Board and Advisory Council.
Under the new Pathways, all learners will start their journey as student members. The successful completion of a unit and/or qualification will make these learners eligible for a Professional membership. Completion of all units and qualifications under a Pathway and at least two years of Professional membership will allow members to upgrade to an Associate membership. After five years of continuous Associate membership with CPD and demonstrable experience, members can apply for Fellowship.
Gareth Tancred, CEO of the Pensions Management Institute, comments: “Following positive feedback from our membership consultation, we’re excited to launch our new pathways. These are designed to make our membership and qualifications simpler to access for all. The five pathways have been introduced to make our qualifications more streamlined to a specific career path. These changes should allow our members to undertake a group of units or qualifications that fit their career goals. We want to reassure members and employers the PMI’s high standards will still need to be met at all levels. The qualifications will not be made any easier and advanced diploma exams will continue to be mapped to the nationally recognised qualifications framework."
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