Workplace pensions (administrator or consultant)
Providing information on pensions schemes for an organisation's employees or clients.
3 (equivalent to A levels at grades A to E)
- Typical length
- 18 months
- Current funding band
Up to £9,000 per apprentice.
More information about funding
- Entry requirements
Set by employer.
- What apprentices will learn
- structure of workplace pension schemes and the different roles involved in running a scheme
- regulatory and legislative environment for workplace pensions
- business awareness
- systems and processes needed to carry out their role
- client service and relationships
- other skills related to 1 of the following specialisms: workplace pensions administration, workplace pensions consultancy
The apprenticeship standard includes a range of possible qualifications from the:
- Pensions Management Institute (PMI)
- Chartered Insurance Institute (CII)
- Chartered Institute of Payroll Professionals (CIPP). Employers will choose one or more qualifications for apprentices to study.
Before taking their end-point assessment, apprentices must achieve level 2 English and maths (equivalent to GCSEs at grades A* to C).
- Professional registration
Depending on the qualifications they achieve, apprentices will be able to apply for professional membership with the awarding professional organization.