The Pensions Management Institute (PMI) has launched an Retail Distribution Review (RDR) compliant pensions diploma for advisers wanting to boost their knowledge of the corporate pensions sector.
The diploma will be called the Diploma into Regulated Retirement Advice (DRRA) and is fully compliant within the RDR regime.
The DRRA comprises three modules under the PMI's Advanced Diploma framework - all modules are available for download now with members being able to sit their exams from the October 2012 exam period.
Once the diploma is completed an adviser will be eligible to join the PMI's Accredited Adviser Programme (AAP) and fulfil the professionalism requirements set out by the Financial Services Authority (FSA).
Neil Scott, head of professional standards, said: "Following the additional requirements placed on advisers ahead of the planned implementation of the RDR programme at the end of 2012, we have seen great demand for a qualification that will address these very their pension related issues."
"With the PMI having achieved accredited body status from the Financial Services Authority (FSA) earlier in the year, we felt it was important to provide a means by which our members could obtain an appropriate qualification for providing pensions related advice within the scope of the RDR activity area of packaged products."
He continued: "Once completed [have completed their exams] they will be eligible to join the PMI's Accredited Adviser Programme (AAP) and fulfil the professionalism requirements set out by the FSA."
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