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PMI Level 4 Certificate in Pension Calculations


The Pensions Management Institute

Summary

Price
£245 - £1,235 inc VAT
Payment options

There are seven separate modules of £165 each and an initial registration fee of £80.

Study method
Distance learning, self-paced
Duration
210 Hours
Qualification
Level 4 Certificate in Pension Calculations (QCF)
Regulated What's this?
Additional info
  • Exam(s) / assessment(s) is included in price

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Overview

CPC is a qualification for pensions administrators and is designed to demonstrate competence in the manual calculation of benefits of occupational pension schemes.

Qualification

Level 4 Certificate in Pension Calculations (QCF)
Regulated by Ofqual

Description

This qualification comprises seven units.

  • Unit 1: Calculate and Quote DB & DC Pension Scheme Death Benefits for Members without Special Circumstances
  • Unit 2: Calculate and Quote DB & DC Pension Scheme Leavers Benefits for Members without Special Circumstances
  • Unit 3: Calculate and Quote DB & DC Pension Scheme Retirement Benefits for Members without Special Circumstances
  • Unit 4: Calculate and Quote DB & DC Pension Scheme Death Benefits for Members with Special Circumstances
  • Unit 5: Calculate and Quote DB & DC Pension Scheme Leavers Benefits for Members with Special Circumstances
  • Unit 6: Calculate and Quote DB & DC Pension Scheme Retirement Benefits for Members with Special Circumstances
  • Unit 7: Calculate and Quote DB & DC Pension Scheme Transfers In and Transfers Out for Members

All seven units must be achieved in order to complete the qualification.

Who is this course for?

This qualification is suitable for pension scheme administrators working in either defined benefit (DB) or defined contribution (DC) schemes, or both. Designed to demonstrate a candidate’s competence in the calculating and quoting of benefits of defined benefit and defined contribution schemes.

Requirements

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

Some candidates will have undertaken the PMI Award in Pensions Essentials or Certificate in Pensions Essentials.

However, we would anticipate most candidates would be working in the field. When you apply to take this qualification, if you are not already an active PMI member, you will automatically become a VQ Student member of PMI.

On completion of CPC individuals can apply for certificate level of membership of PMI and have the designatory initials CertPMI after their name.

Career path

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

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

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Study method describes the format in which the course will be delivered. At reed.co.uk 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.

What are CPD hours/points?

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What is a ‘regulated qualification’?

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.

What is an ‘endorsed’ course?

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 ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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