PMI
Level 4
QN: 601/5351/9
Curriculum Active
PMI Level 4 Certificate in Pension Scheme Member Guidance
Official qualification regulated by Ofqual, awarded by PMI. Classified as a Vocationally-Related Qualification. Total guided learning hours: 150 hours.
Qualification Level
Level 4
Awarding Body
PMI
Syllabus Units
1 Units
Guided Hours
150 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Pension Scheme Member Guidance
Verified
Key Learning Objectives:
- Understand the difference between regulated financial advice, information and guidance, Distinguish between the main types of pension scheme and outline the options available to members, and when and how they operate
- Understand the lifestyle factors which should be taken into account when making decisions at retirement or in retirement
- Understand the financial factors that need to be taken into consideration when making decisions on benefits
- Demonstrate an understanding of the circumstances under which an individual might join a pension scheme
- Demonstrate an understanding of leaving a pension scheme to move to a new employer
- Demonstrate an understanding of a transfer out, transfer in, a regulated transfer and pensions liberation and the impact on benefits of each
- Demonstrate an understanding of the impact of divorce
- Demonstrate an understanding of a death in service, death in deferment and death in retirement
- Demonstrate an understanding of early retirement
- Demonstrate an understanding of the issues surrounding relevant medical information in early retirement situations
- Demonstrate an understanding of a pension increase exchange
- Demonstrate the options available in DC schemes
- Demonstrate an understanding of commutation
- Demonstrate an understanding of the features and operation of an annuity and how these affect a member
- Demonstrate the appropriate skills when dealing with members
2
PMI Level 4 Certificate in Pension Scheme Member Guidance
Pension Scheme Member Guidance
Verified
Key Learning Objectives:
- Understand the difference between regulated financial advice, information and guidance, Distinguish between the main types of pension scheme and outline the options available to members, and when and how they operate, Understand the lifestyle factors which should be taken into account when making decisions at retirement or in retirement, Understand the financial factors that need to be taken into consideration when making decisions on benefits, Demonstrate an understanding of the circumstances under which an individual might join a pension scheme, Demonstrate an understanding of leaving a pension scheme to move to a new employer, Demonstrate an understanding of a transfer out, transfer in, a regulated transfer and pensions liberation and the impact on benefits of each, Demonstrate an understanding of the impact of divorce, Demonstrate an understanding of a death in service, death in deferment and death in retirement, Demonstrate an understanding of early retirement, Demonstrate an understanding of the issues surrounding relevant medical information in early retirement situations, Demonstrate an understanding of a pension increase exchange, Demonstrate the options available in DC schemes, Demonstrate an understanding of commutation, Demonstrate an understanding of the features and operation of an annuity and how these affect a member, Demonstrate the appropriate skills when dealing with members
Regulatory & Verification Details
- Qualification Number (QN)
- 601/5351/9
- Regulated Status
- Available to learners
- Awarding Body
- PMI
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Jan 2015
- Operational End
- May 2027