The Pensions Management Institute and Imperial College London signed a formal Memorandum of Understanding today, paving the way towards 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.

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