In a rapidly changing world, the PMI intends to be more agile and to remain contemporary. As a consequence, the PMI will be strengthening its core offering around three guiding principles: always being forward-thinking, responding quickly to a changing world, and maintaining a steadfast commitment to its members' success.
While the PMI’s core proposition will continue to be the provision of world-class professional pension education, it will further strengthen its approach towards thought leadership, innovation, and new areas of development in pension fund management. Its mission will be to continue to deliver exceptional thought leadership, comprehensive education, advanced training, and recognised qualifications in pension management while fostering industry collaboration and driving innovation to enhance retirement outcomes.
A key pillar of this new strategic development is the launch of the PMI’s Global Innovation Centre. This new initiative will bring together international learnings and best practices that will encourage curiosity and innovation. Its agenda will not only focus on pension provision but will also extend to a broader range of Lifetime Savings – an example of which is its co-leadership, with Schroders, of the Lifetime Savings Initiative, an industry-wide collaboration.
The PMI work in partnership with the wider sector to ensure that members remain at the heart of the industry’s future direction and strategy to support a more structured approach to career development through the streamlined PMI Pathways programme. The strategic review process has helped the PMI refine three core business areas to centre its approach around:
Our Membership Community
As the largest community of pension professionals, the PMI is vital in shaping the future of pensions. Achieving Fellowship of the PMI signifies the highest standard of excellence and demonstrates commitment to the pensions industry and its ultimate beneficiaries, the scheme members.
The PMI will continue to uphold its initial objective: to help industry professionals develop their careers and elevate standards in pension provision.
The PMI Academy
The PMI will remain at the forefront of pension sector excellence with a focused curriculum delivering professional qualifications, specialised CPD training and essential leadership skills.
The Academy will focus on delivering the PMI Pathways programme, which will help to develop and nurture the next generation of pension professionals.
PMI Global Innovation Centre
The PMI’s new thought leadership strategy will bring members and the UK pension industry the best examples, solutions, and ideas to transform the way the industry thinks and position the UK pension sector as a world leader.
Ruston Smith, Chair of the PMI, comments: “We have a clear strategy where, with the support of our members and the wider industry, we will continue our mission to develop a skilled, innovative, and agile pensions workforce that will aim to deliver improved long-term retirement outcomes. The pace of change and how we learn continues to accelerate, particularly with the choices available to members that have been created through the use of technology. Our members’ preferences of what they learn and how they choose to learn are changing. It is essential that the PMI, as an institution, continues to adapt in a constructive but agile way, to continue to create and support our industry leaders of today and tomorrow.”
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