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Certificate in Pension Scheme Member Guidance

The Pensions Management Institute


£670 inc VAT
Finance options

There is a Student Membership Fee payable of £178 on top of the cost of the course for those...

Study method
Distance learning
150 hours · Self-paced
No formal qualification
Additional info
  • Exam(s) / assessment(s) is included in price

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The CPSMG is a course that provides knowledge and understating necessary to offer guidance and improve member outcomes and benefit options.


The qualification includes four core modules that cover essential knowledge and understanding, seven application modules that cover various member events and one member interaction module that applies all relevant matters from the core and application modules:

Core knowledge modules
(1) Information, Advice and Guidance on Pension Benefits
(2) Options available from Different Pension Schemes
(3) Financial considerations when making Pension Benefit Decisions
(4) Lifestyle factors that impact on Pension Benefit Decisions

Application modules
(5) Joining an Occupational Pension Scheme
(6) Leaving an Occupational Pension Scheme
(7) Transferring Pension Benefits
(8) Divorce and Pension Benefits
(9) Pension Scheme Death Benefits
(10) Pension Scheme Retirement Benefits
(11) Annuities and Pension Benefits

Member interaction module
(12) Communicating with Pension Scheme Members Seeking Guidance

Who is this course for?

This qualification is designed to meet the needs of pensions staff who regularly liaise with members selecting options from a pension scheme. It is concerned with improving member outcomes and providing guidance on benefit options. As this guidance is in the area of non regulated advice the qualification provides an overview of the distinction between regulated and non regulated advice, the different types of pension scheme and the factors that need to be considered in making decisions in regard to benefits. It covers various options and situations, including: joining, leaving, transferring, retirements, commutation, death, and divorce.

Candidates undertaking the qualification will be automatically enrolled as Student Members on registration for the duration of their study.

Candidates completing the qualification successfully will be eligible to seek election as Certificate Members of the PMI with the designatory initials ProfPMI

The exact choice will depend on individual circumstances and career path.


There are no formal prerequisites for this qualification; either qualifications or knowledge and experience. However it is likely that candidates will have obtained relevant pensions related experience and/or obtained a relevant pensions related qualification.

We would anticipate most candidates would be working in the field

Career path

Those who complete this qualification could proceed to complete additional PMI administration focussed qualifications such as the Certificate in Pensions Calculations, Certificate in Pensions Essentials, Certificate in Pensions Administration or Diploma in Pensions Administration. Alternatively they could pursue the PMI Diploma and Advanced Diploma in Retirement Provision.

Questions and answers


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Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.