Michael Clark, director at CBC Pension Services has been named as the UK’s first ever fully PMI-accredited professional trustee.
Pensions Management Institute CEO Gareth Tancred says the independent accreditation by the PMI, the body officially mandated by the Professional Trustee Standards Working Group to make this award, marks a new chapter in professional trusteeship in the UK.
Tancred says: “While many trustees hoping to complete the accreditation will have seen the process hampered by the impact of COVID-19, we are pleased to announce that we will be rolling out our online multiple-choice exams from May. This will start with the PMI Certificate in Pensions Trusteeship Unit 2 (soft skills exam), followed by Award in Pensions Trusteeship, Certificate in DC Governance and Retirement Provision Certificate. In the meantime, we encourage all professional trustees to make as much headway as they can with their applications, so that they will be able to hit the ground running in completing the final accreditation exams.
“Professional trustees play a crucial role in pension scheme governance and as industry professionals, it is within all of our interests to strive for ever-improving governance standards to drive better outcomes for scheme members.”
Clark says: “I’m delighted to have become the first PMI accredited professional trustee. I believe that the continued drive towards increasing the professional behaviour and standards for all trustees will stand the industry well in dealing with the current and future challenges which face pension schemes and their sponsors. As accredited professional trustees we can demonstrate to members, fellow trustees and scheme sponsors that we have the necessary skills to run what are increasingly complex pension schemes.”
