The Pensions Management Institute (PMI) has launched a Development Partnerships programme that enables pension-sector employers to manage staff memberships, training and qualifications through a single, organisation-wide framework rather than through individual arrangements.
The model provides employers with predictable annual costs, discounted access to PMI qualifications and CPD, and centralised reporting, while employees receive sponsored early-career membership, clear progression routes and unrestricted access to learning and development resources.
Barnett Waddingham, Aptia and the Local Government Association are the first organisations to join the programme.
The PMI says the initiative is intended to create a more consistent approach to professional development across the sector as schemes operate in an increasingly complex environment.
Aptia UK president Malcolm Reynolds says: “Education is the foundation of excellence in pensions administration, and we are committed to empowering pension professionals and collaborating with industry leaders to drive innovation and improve retirement experiences. Our partnership with the PMI reflects our commitment to continuous learning and equipping professionals with recognised skills and standards.
“We are committed to driving higher standards across the pensions administration sector and will continue to collaborate with the PMI to deliver excellence and improve outcomes for all.”
Local Government Association senior LGPS training and development adviser Lisa Clarkson says: “We’re proud to be one of the first organisations to join the PMI’s Development Partnerships programme. This collaboration reflects our commitment to equipping local government pension professionals with the skills and knowledge they need to deliver the best possible outcomes for LGPS scheme members.”