THE PENSIONS MANAGEMENT INSTITUTE
M/MIN12/13
MEMBERSHIP COMMITTEE
Minutes of the Membership Committee meeting held at 10am on Thursday 6 June
2013 at PMI House, 4-10 Artillery Lane, London E1 7LS.
Present:
Paul Couchman - Chair
Anne Jones
Richard Butcher
Geoff Ashton
Kevin LeGrand
In Attendance:
Steven Slater (Head of Membership & IT and Secretary)
Denise Hayden-Hawkins (PMI Membership Officer)
Absent
Fiona McDonagh
Apologies for absence:
Terri-Ann Humphreys (Business Development Executive)
1. Apologies for Absence – Terri-Ann Humphreys
2. MINUTES OF THE PREVIOUS MEETING
The minutes of the previous meeting were reviewed and no amendments proposed.
Chairman signed the minutes.
3. MATTERS ARISING
Matters arising were covered under other agenda items. Outstanding action items
from the previous meeting were:
 Further examination of Special Interest Groups. This is still outstanding
but a post meeting discussion between Sec and Fiona confirmed an
approach to prepare a paper for the next meeting.(Action Secretary)
 Date of presentation of PMI Award to Steve Webb – post meeting note –
will take place at the Spring Conference. (Action Chair – completed)
Other items from the minutes will be covered under the agenda items.
4. CONFLICTS OF INTEREST
No new conflicts of interest were identified
5. MEMBERSHIP FIGURES REPORT (M06/13)
The metrics were reviewed. In addition to the metrics provided, it was reported that to
date, 482 Trustee Group members had now paid their subscriptions (due 1 January
2013). Of these renewals, 126 were members of Boards who have signed up as a
group. 95 Trustee members have been lapsed since the start of the year. After
further discussion on the membership numbers, Secretary agreed to provide a
breakdown on CPAE candidates to identify how many candidates were new to PMI.
(Action – Secretary).
The Secretary also agreed to provide a summary of how many Diploma members
were fully qualified and could be Associate members. (Action – Secretary)
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Post Meeting Note – Discussions are underway with Imperial regarding the provision
of a Research Assistant to PMI. In the event that this is confirmed, a review of the
relevance of our qualifications would be part of that project.
6. CPD SCHEME REVIEW
The Secretary explained that following the despatch of a letter to each member who
had not reported their 2012 CPD as complete from PMI’s CEO, 39 Fellows and 216
Associate Members had still not reported their 2012 CPD as complete. The Secretary
agreed to provide the names of the members to the Committee members to see if
they could assist with any follow up. (Action Secretary)
Following on, the issue of withdrawal of designatory initials was raised. The
Secretary confirmed post meeting that withdrawal of the use of the initials was an
option on or after the third failure to complete CPD within a five year period.
7. REVIEW OF TERMS OF REFERENCE (M08/13)
The Terms of Reference were discussed but the document provided was not the
most up to date. However, the following conclusions were reached:


The Secretary would review the later version and include comments made in
the meeting. This would be circulated to committee members for any
additional comments and be updated when members of the new committee
were announced. (Action Secretary)
The issue of additional benefits for Fellows of PMI was raised again. The
Secretary agreed to provide a paper for comment and discussion at the next
meeting (likely to be late September) (Action Secretary)
8. CONFLICT OF INTEREST (M09/13)
The Secretary introduced the subject of an e- mail from a member. The member
asked “whether PMI has an official stance on conflicts of interest, in terms of advisers
and giving advice to company and trustees.” The context of the question was
whether we should have a view (probably in our Code of Professional Conduct)
concerning PMI members ensuring that Trustees and Trustee Boards had
separate advice from employers on legal and financial issues. The committee’s view
was that whilst this would be best practice, a PMI policy was not needed and could
be covered, albeit loosely under sections 4b and 4d of the current Code of
Professional Conduct.
9. TRUSTEE CODE OF CONDUCT (M11/13)
The introduction of the scheme to recruit Trustee Boards as PMI members has led to
two issues:
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Should PMI require individual Board members to sign acceptance of the Code
of Professional Conduct. After discussion the view was that we should and
that the signature of the “Responsible Person” was not sufficient.
Views had been expressed that the current Code of Professional Conduct
was not appropriate for Trustees given that many of them would be lay people
in pensions terms. The Secretary took an action to draft a revised Code of
Professional Conduct that is appropriate for Trustees for review by the
Committee. (Action Secretary)
10. Any Other Business
The Secretary asked whether it would be appropriate to conduct another Career
Development Survey for members. The last survey was completed almost 3 years
ago. The Secretary took the action to provide the questions from the last survey.
(Action Secretary)
In addition, it was agreed that new and current members of the committee
would be canvassed on any ideas for additional benefits for either specific
groups of members (eg: Fellows) and the membership in general. A paper would be
prepared for the new committee ahead of the next meeting. (Action Secretary)
11. DATE OF NEXT MEETING
The date to be confirmed once the new members of the committee are announced..
Signed.....................................
Dated...............................................
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