Identity area
Reference code
Title
Date(s)
- 1976-2010 (Creation)
Level of description
Extent and medium
1.65 linear metres
Context area
Name of creator
Biographical history
The Pensions Management Institute (PMI), based at Artillery Lane in the City of London, is a professional membership institute providing educational services for those working in the pensions industry. It offers a set of qualifications for pension managers and trustees, training and support services for its members, as well as running two Conferences and producing a number of publications, including PMI News, PMI Technical News and Pensions Terminology. It also produces responses to Government consultative papers, although it is not a lobbying organisation.
Established as the Institute of Pensions Administration in 1975, the Institute was initially sponsored by four pensions industry representative bodies (the National Association of Pension Funds, the Society of Pension Consultants, the Life Offices' Association and the Association of Consulting Actuaries) who each provided four representatives to sit on the Institute's Council. The Institute was incorporated as the Pensions Management Institute in 1976.
The Institute was initially run by a Council and four committees: Constitution and Membership, Education, Public Relations and Finance and Services. Nowadays the Institute is managed by a Board, made up of the President, two Vice Presidents, the Chief Executive and Financial Director. The Advisory Council advise the Board on the strategic direction of the Institute and provide technical input and expertise on industry issues. The Council is now made up of 16 fellows, elected by the members of the Institute. There are also four governance committees - Education, Finance, Membership and Commercial Development - and a number of other committees overseeing the Institute's work.
The Institute's President serves a two year term, and chairs the Institute's Examiner's Liaison, Officers and Disciplinary Committees as well as sitting on the Board and Council. In 2002 a Management Committee was introduced, answering to the Council and chaired by the President. The Management Committee includes three members of the Council and four senior Secretariat members.
The day to day running of the Institute is carried out by staff in eight departments - membership, qualifications, commercial development, finance, central office support, business development, professional standards and IT - overseen by the Chief Executive. This replaced the Secretary General position in 2005.
The Institute's members are divided between various grades of membership: elected fellows, associate, diploma, certificate, student and affiliate. The associate, diploma and certificate memberships are dependent on qualifications. The Institute also operates a network of eight Regional Groups across the UK and a Trustee Group to support individual trustees and Trustee Boards. The Institute sponsors the Association of Professional Pension Trustees (formerly the Independent Pension Trustee Group), a network established in 2003 which aims to 'encourage and promote the highest professional standards in those who practise as professional pension trustees' and 'promote the role of professional trustees'.
The Pensions Management Institute is the holding company for PMI Services Limited, originally Armagret Limited, a service company for the Institute. Another registered company, PMI Trustee Limited, is trustee for the Institute's staff pension scheme.
Repository
Archival history
GB 0074 LMA/4621 1976-2010 Collection 1.65 linear metres Pensions Management Institute Limited
x Pensions Management Institute
The Pensions Management Institute (PMI), based at Artillery Lane in the City of London, is a professional membership institute providing educational services for those working in the pensions industry. It offers a set of qualifications for pension managers and trustees, training and support services for its members, as well as running two Conferences and producing a number of publications, including PMI News, PMI Technical News and Pensions Terminology. It also produces responses to Government consultative papers, although it is not a lobbying organisation.
Established as the Institute of Pensions Administration in 1975, the Institute was initially sponsored by four pensions industry representative bodies (the National Association of Pension Funds, the Society of Pension Consultants, the Life Offices' Association and the Association of Consulting Actuaries) who each provided four representatives to sit on the Institute's Council. The Institute was incorporated as the Pensions Management Institute in 1976.
The Institute was initially run by a Council and four committees: Constitution and Membership, Education, Public Relations and Finance and Services. Nowadays the Institute is managed by a Board, made up of the President, two Vice Presidents, the Chief Executive and Financial Director. The Advisory Council advise the Board on the strategic direction of the Institute and provide technical input and expertise on industry issues. The Council is now made up of 16 fellows, elected by the members of the Institute. There are also four governance committees - Education, Finance, Membership and Commercial Development - and a number of other committees overseeing the Institute's work.
The Institute's President serves a two year term, and chairs the Institute's Examiner's Liaison, Officers and Disciplinary Committees as well as sitting on the Board and Council. In 2002 a Management Committee was introduced, answering to the Council and chaired by the President. The Management Committee includes three members of the Council and four senior Secretariat members.
The day to day running of the Institute is carried out by staff in eight departments - membership, qualifications, commercial development, finance, central office support, business development, professional standards and IT - overseen by the Chief Executive. This replaced the Secretary General position in 2005.
The Institute's members are divided between various grades of membership: elected fellows, associate, diploma, certificate, student and affiliate. The associate, diploma and certificate memberships are dependent on qualifications. The Institute also operates a network of eight Regional Groups across the UK and a Trustee Group to support individual trustees and Trustee Boards. The Institute sponsors the Association of Professional Pension Trustees (formerly the Independent Pension Trustee Group), a network established in 2003 which aims to 'encourage and promote the highest professional standards in those who practise as professional pension trustees' and 'promote the role of professional trustees'.
The Pensions Management Institute is the holding company for PMI Services Limited, originally Armagret Limited, a service company for the Institute. Another registered company, PMI Trustee Limited, is trustee for the Institute's staff pension scheme.
Deposited in 2012 and 2016 through the Pensions Archive Trust.
Records of the Pensions Management Insitute Limited, 1977-2010, including corporate, administrative, member services records and photographs. Corporate records including: minutes, circulated papers and correspondence of Council; copies of memorandum and articles of association; annual general meeting minutes and papers; papers of the External Affairs, Strategy and various sub committees; president's correspondence files; and a paper on the Institute's history.
Administrative papers including: papers of the ad-hoc steering group, money purchase working party, model administration steering group and occupational pensions seminar group and the Secretary General's correspondence files.
Digital records relating to member services, which include: conference, seminar and annual dinner publicity and attendance lists; guidance notes, codes of practice and handbooks relating to PMI qualifications; publicity materials; PMI News; and PMI Technical News.
The collection also includes a photographic archive of PMI events, speakers at conferences and prize winners, and the memorandum and articles of association and circulated papers for PMI Services Limited.
LMA/4621/A Corporate records
LMA/4621/B Administrative records
LMA/4621/C Member services records
LMA/4621/D Audio visual material
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Copyright is held by the depositor.
English
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
This collection forms part of the Pensions Archive.
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997. Added February 2013. Pensions Occupational pensions Information sources Documents Business records Organizations Institutes Service industries Financial service industries Pension services Social security Social services Training Pensions Management Institute Limited London England UK Western Europe Europe
Immediate source of acquisition or transfer
Deposited in 2012 and 2016 through the Pensions Archive Trust.
Content and structure area
Scope and content
Records of the Pensions Management Insitute Limited, 1977-2010, including corporate, administrative, member services records and photographs. Corporate records including: minutes, circulated papers and correspondence of Council; copies of memorandum and articles of association; annual general meeting minutes and papers; papers of the External Affairs, Strategy and various sub committees; president's correspondence files; and a paper on the Institute's history.
Administrative papers including: papers of the ad-hoc steering group, money purchase working party, model administration steering group and occupational pensions seminar group and the Secretary General's correspondence files.
Digital records relating to member services, which include: conference, seminar and annual dinner publicity and attendance lists; guidance notes, codes of practice and handbooks relating to PMI qualifications; publicity materials; PMI News; and PMI Technical News.
The collection also includes a photographic archive of PMI events, speakers at conferences and prize winners, and the memorandum and articles of association and circulated papers for PMI Services Limited.
Appraisal, destruction and scheduling
Accruals
System of arrangement
LMA/4621/A Corporate records
LMA/4621/B Administrative records
LMA/4621/C Member services records
LMA/4621/D Audio visual material
Conditions of access and use area
Conditions governing access
These records are available for public inspection, although records containing personal information are subject to access restrictions under the UK Data Protection Act, 1998.
Conditions governing reproduction
Copyright is held by the depositor.
Language of material
- English
Script of material
- Latin
Language and script notes
English
Physical characteristics and technical requirements
This collection forms part of the Pensions Archive.
Finding aids
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
Allied materials area
Existence and location of originals
Existence and location of copies
Related units of description
Notes area
Alternative identifier(s)
Access points
Subject access points
Place access points
Name access points
Genre access points
Description control area
Description identifier
Institution identifier
Rules and/or conventions used
Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Status
Level of detail
Dates of creation revision deletion
Language(s)
- English