The Pensions Management Institute (PMI) and Imperial College London signed a formal Memorandum of Understanding today, paving the way for the creation of the first specialised masters degree in pensions.
The MSc intends to cover "sustainable retirement" and enhance the skill-sets people in the UK retirement benefits industry will need in the future.
The two institutions hope to announce further details of the syllabus "shortly" in the next two-three months, and see the course approved by Imperial's senate within six months.
Pensions minister Steve Webb said he hoped the masters programme would help create a generation of people who can see the long-term picture.
He said: "I hope one of the fruits of this joint-working will be far more people out there in the pensions industry who have thought deeply, who have analytical skills to bring to bear on some incredibly knotty issues."
PMI president Susan Andrews (pictured) said the joint offering would help develop the "pension leaders of the future".
She said: "There are enormous demographic, economic and social issues that confront us collectively and individually where fresh and innovative thinking is needed on what will be required in the decades ahead.
"PMI is looking to work with Imperial to develop those pension leaders to meet these challenges."
Webb added: "You are almost doing a masters programme in the study of everything because you cannot look at pensions in isolation, it really is interconnected with everything else."
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