Retirement Provision Certificate

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PMI RPC 2
retirement
provision
certificate
What is Retirement Provision Certificate
(RPC)?
RPC aims to provide
n essential knowledge and understanding of
retirement provision in the UK.
n a foundation for those who plan to develop a
career specialising in one aspect of retirement
provision or for those seeking a broad
understanding of the subject.
Why do RPC?
n RPC demonstrates that the holder has a broad
understanding of the issues surrounding
retirement provision in the UK.
n More people are finding that, in the course of
their work, they need to have a basic
understanding of all of the various sources of
income that can be used to provide for retirement.
n The RPC forms an integral part of the Advanced
Diploma and the Diploma in Employee Benefits
and Retirement Savings (DEBRS).
n By studying for the RPC you can become a
Student Member of the PMI.
Who is it for?
RPC has been designed to meet the needs of a wide
range of people whether you deal with pensions every
day, or just find that you need the basics every now
and then. RPC is not just for pensions professionals, it
is equally suitable for
n personnel/human resources specialists
n secretaries and support staff within pensions
departments
n accountants
n auditors
n lawyers
n investment managers
n financial advisers
n pensions/financial journalists.
RPC is also the introductory level examination for
those undertaking the PMIs professional Advanced
Diploma in Retirement Provision examinations.
What does the syllabus cover?
The syllabus areas are grouped under the following
main headings:
n Origins and overview of pensions
n Parties involved
n The employment package
n The current pensions scene
n Role of government
n State benefits
n Regulation and policing
n Designing occupational pension schemes
n Funding of occupational pension schemes
n Trusteeship
n Communications and administration
n Individual pension contracts
n Personal savings
n Investment considerations
n Investment classes
n Glossary of terms
Full details of the current syllabus can be found on
the PMI website.
How do I study?
Preparation for the examination is straightforward
using the comprehensive online learning programme.
The programme is attractive and engaging and
accommodates different styles of learning depending
on your background experience. It is recommended
that about 60 - 70 hours should be spent studying
and revising before sitting the examination.
Incisive revision courses are also offered about a
month in advance of the April and October
examinations and are held in central London. The
courses are generally half day sessions devoted to
the study of the RPC with face to face tuition, giving
students ample opportunity to raise specific questions
or difficulties with the lecturer.
How is it assessed?
The RPC is assessed by a two hour multiple choice
examination paper that comprises 120 questions
designed to test retirement provision knowledge
across the syllabus. Each question scores one mark.
Sample questions can be found on the website.
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When and where do the examinations
take place?
Public examinations take place in April and October at
about 40 centres around the UK. There are also some
overseas centres, contact PMI for further details. The
full list of examination centres and the examination
entry form are available on the website.
The examination can also be made available on
demand to groups of ten or more candidates at a
time and place of the organisers choice. This allows
companies to hold RPC in their offices at the most
convenient time and date. See the website or contact
PMI House for further details.
How do I register?
You will need to complete the relevant form(s) which
can be downloaded from the PMI website.
Please note registering as an RPC student when
ordering study material includes Student Membership
of the Institute. In subsequent years it will be
necessary to pay the annual Student Member
subscription in order to maintain membership and sit
further Advanced Diploma examinations.
How does it fit into the PMI
Qualifications Framework?
RPC has 60 credits in the PMI framework. Full details
of the framework can be found in our Qualifications
Brochure available to download from the PMI website.
Further Information/Any queries?
For full details of the RPC including the syllabus,
interactive specimen questions, public examination
dates and fees visit the PMI website. If you have any
queries staff at PMI House would be delighted to talk
to you.
For details of all PMI services and qualifications
contact:
The Pensions Management Institute
PMI House
4 10 Artillery Lane
London
E1 7LS
Tel: 020 7392 7420
Email: qualifications@pensions-pmi.org.uk
www.pensions-pmi.org.uk
The Pensions Management Institute
(PMI)
The PMI is the UKs leading professional body for
those working in the field of pensions and employee
retirement benefits. It supports and develops the
experts who are responsible for running the UKs
pensions industry and is acknowledged as the body
for establishing, maintaining and improving
professional standards in every area of pension
scheme management, consultancy and trusteeship.
It provides a full range of qualifications, membership
and support services for the ongoing professional
development of its 6,000 members
The PMI plays a vital role in shaping the nations
pensions industry and, as a result, impacts on the
success of UK business as a whole. The PMI prides
itself in leading the future of pensions standards and
practices across the UK. It is a non lobbying professional
body which works with government and other bodies
in the financial sector to ensure the views of members
are put forward in a sound and impartial manner.
Full details for all the PMIs qualifications, member
grades and support services can be found at
www.pensions-pmi.org.uk
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