PMI’s automatic enrolment qualification signs up 1,000th candidate

The Pensions Management Institute’s Certificate in Pensions Automatic Enrolment has recorded its 1000th Student since its introduction just over a year ago.

Of these 1,000 candidates, 27 per cent are employee benefit consultants, 27 per cent are IFAs, 14 per cent are administrators, accountants, lawyers and investment consultants and 12 per cent are insurance company representatives. A further 11 per cent are from private sector pension schemes while 9 per cent are from master trusts

PMI chief executive Vince Linnane says: “Feedback from those who have passed the qualification has indicated that they felt it has given them greater confidence in either advising companies on the implementation of automatic enrolment, or in managing the process in-house.

“Automatic enrolment is the biggest deal changer for work based pensions in a generation. Companies who don’t invest time and effort in ensuring that their advisers know their facts or that their own project manager co-ordinating the process is fully clued up, will find themselves in a maelstrom of chaos. Knowledge is key and with a greater number of employers chasing a finite number of advisers, this search for guidance and advice will only increase as 2014 progresses.”