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Diploma in Employee Benefits and Retirement Savings
The Pensions Management Institute

Summary

Price
£560 inc VAT
Finance options

There are three modules at £560 each and an annual student membership fee of £178.
Study method
Distance learning
Duration
420 hours · Self-paced
Qualification
No formal qualification
Additional info
  • Exam(s) / assessment(s) is included in price

Overview

  • The aim of the Diploma is to provide holders with a comprehensive background to employee benefits and savings in the UK. This will equip them for work in pensions and allied areas and can lead to further study or towards completion of the Advanced Diploma qualification.

Description

This qualification comprises three compulsory units. These units are a selection from those available for the PMI Advanced Diploma.


Two core units

Understanding Retirement Provision To provide an introductory overview of retirement provision in the UK including an appreciation of:

    • how workplace pensions have developed, the different types of workplace provision and how they sit alongside State pension provision
    • the key features of automatic enrolment, trust and contract-based provision
    • the roles and responsibilities of those involved in running workplace pensions
    • personal savings and the options for retirement saving
    • employee engagement with retirement provision.

Regulation of Retirement Provision

To provide an overview of the regulation of retirement provision in the UK including an appreciation of:

    • legal and taxation aspects
    • compliance with regulation and where administrators need to focus on compliance issues
    • the bodies responsible for defining, monitoring and oversight
    • how the employee is supported by the financial services industry current issues

Plus a specialist option unit

Reward and Retirement Provision

To provide an understanding of the main employee benefits, their value, cost structures, taxation implications and how they interact with saving for retirement. To include appreciation of:

    • the employee and employer perspectives
    • rewards strategies
    • communication and engagement

Who is this course for?

This qualification is ideal for those working at the margins of pensions who need to understand the area in the wider savings and employee benefits context.

Requirements

There are no formal prerequisites for this qualification; either qualifications or knowledge and experience.

However, we would anticipate most candidates would be working in the field.

Candidates undertaking the qualification will need to be at least a Student Member of the PMI.


Candidates completing the qualification successfully will be eligible to seek election as Diploma Members of the PMI with the designatory initials DipPMI.

Career path

These units can also be selected as options within the PMI Advanced Diploma in Retirement Provision.

Questions and answers

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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.
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