CERTIFICATES AND QUALIFICATIONS
Progression Once successfully completed you may choose to progress to the Foundation Degree in Pensions Administration and Management year two via the RPL route (see page 31). Content This certificate is split into seven modules: Overview of UK pension schemes l The different schemes available; e.g. occupational pensions schemes, defined benefit schemes, defined contribution schemes l The role of HMRC, the Department of Work and Pensions and The Pensions Regulator l Annual reporting requirements Providing pension scheme information l Criteria for membership l Providing information to members where their changing circumstances can impact on their potential pension benefits/rights; e.g. eligible job holders, non-eligible job holders and entitled workers and the factors which may change which of these an individual belongs to Creating and maintaining pension scheme member records l Understanding the scheme rules and organisational procedures l Completing the new member process within the required dates; the impact of the dates on opting out of the scheme and when to use
postponement for automatic enrolment l Investigating and resolving discrepancies
Transferring into and out of pension schemes l Understand the regulations and requirements relating to transfers l Data verification l Calculating and communicating transfers
Amend pension records to reflect a member’s change of circumstances l Leaving the scheme before retirement l Understand when pensions benefits may become payable other than for retirement l Interpret the scheme and regulatory rules to determine the type of benefit payable in the event of a member’s death: m In service m While receiving pension payments m After a divorce l Calculating and communicating pensions benefits Payment of scheme benefits to pensioners l Understand the scheme and regulatory rules relating to the calculations and processes involved in processing a pensioner payroll l Determining continued payment of pensions benefits
Working as a member of the pensions team l Communication skills l Customer service skills and expectations
27 Please note that the CIPP continually updates its products and services to ensure that they meet the needs of the industry, therefore content is subject to change without prior notification. Please visit cipp.org.uk for the most up to date information.
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