The Pensions Management Institute (PMI) has announced the launch of a new Global Innovation Centre, as part of its broader brand refresh, designed to better reflect its core values of being professional, inclusive, collaborative, future-focused and trusted.

The new initiatives and refreshed brand, which were announced following a strategic review of the future needs of the PMI's members, employers, and strategic partners, aim to help the PMI to become more agile and to remain contemporary.

As part of this, the PMI will be strengthening its core offering around three guiding principles: always being forward-thinking, responding quickly to a changing world, and maintaining a steadfast commitment to its members' success.

The group confirmed that although its core proposition will continue to be the provision of professional pension education, it will also further strengthen its approach towards thought leadership, and new areas of development in pension fund management.

It highlighted the launch of the PMI’s Global Innovation Centre as a key pillar of this new development, as the association looks to bring together international learnings and best practices that will encourage curiosity and innovation.

The PMI also confirmed that the centre's agenda will not only focus on pension provision but will also extend to a broader range of lifetime savings, highlighting its co-leadership, with Schroders, of the industry-wide Lifetime Savings Initiative, as an example of this.

The new Global Innovation Centre is one of three core business areas that the PMI will be centring its approach around going forward, alongside its membership community and the PMI Academy.

Commenting on the refresh, PMI chair, Ruston Smith, said: “We have a clear strategy where, with the support of our members and the wider industry, we will continue our mission to develop a skilled, innovative, and agile pensions workforce that will aim to deliver improved long-term retirement outcomes.

“The pace of change and how we learn continues to accelerate, particularly with the choices available to members that have been created through the use of technology.

“Our members’ preferences of what they learn and how they choose to learn are changing. It is essential that the PMI, as an institution, continues to adapt in a constructive but agile way, to continue to create and support our industry leaders of today and tomorrow.”

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