This qualification provides a programme of education, studysupport and examinations for those involved in the complexarea of international employee benefits. It has been developedby the Pensions Management Institute (PMI) in partnershipwith the International Employee Benefits Association (IEBA).

The Diploma in InternationalEmployee Benefits

What is the aim of the Diploma?To identify aspects of benefit provision which those involved in international employee benefits are most likely to encounter indealing with expatriates, internationally mobile employees and local employees.

Who is it for?People from many backgrounds will find the Diploma meets their professional needs. They may:

n work in the pensions or remuneration and benefits departments of private or public sector companies

n work as consultants, actuaries, lawyers, accountants and tax specialists

n work for insurance companies, asset managers and third-party administrators

n already have some experience of international employee benefits, or find that their careers are beginning to move in that

direction, or wish to expand their career in that direction

Together with sufficient experience, Diploma holders may be able to undertake a position with an international employee benefits focus within any organisation. There are no formal entry requirements to take the Diploma although it is expected thatcandidates will have a sound knowledge of pensions and employee benefits in at least one of the countries covered by theDiploma syllabuses.

How will it benefit me?n It is hoped that the Diploma will assist in formulating corporate policy on employee benefits worldwide

n Achieving the Diploma provides holders with the foundation of knowledge and understanding to resolve, in a practical way,

matters within the international employee benefits arena

n Diploma holders are entitled to use the designatory initials DipIEB and may also apply for election as Diploma Members of

the PMI with the designatory initials DipPMI

What is the structure?The Diploma consists of two modules and candidates must pass both.

Module One provides an introduction to the different employee benefits in an international context and the different ways theseare designed, delivered, funded, communicated and administered around the world.

This Module also introduces:

n the respective roles of stakeholders involved in the provision of international employee benefits

n benefit provision in the USA, Germany, the UK and also Japan, France, the Netherlands and Switzerland

n a regional overview of Europe and North America (in order to highlight the different practices in respect of employee

benefit provision)

n the legal and regulatory influences of the European Union on employee benefit design and financing

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Module Two builds on the material covered in Module One and aims to help develop an understanding of:

n the employee benefit objectives of a multinational company

n the funding and risk management aspects of providing employee benefits

n corporate risk benefit management

n employee benefit provision in Brazil, China, India and Russia

n a regional overview of Africa, Asia and Latin America in order to highlight the different practices of employee

benefit provision

n the issues affecting internationally mobile employees

n the possible employee benefit implications of mergers and acquisitions

Full details of the current syllabus for both modules can be found on the PMI website.

How do I study?There is a comprehensive study material package for each Module. The package consists of a study manual and access to aweb based distance learning course, which includes a series of assignments, a mock examination, tutorial facilities andfeedback from a tutor. It is recommended that study begins at least six months before the examination date for each module.

Additionally the PMI provides a two-day lecture programme preparing Students for the Module One and Two examinations.The course consists of two full day sessions, a mock examination and feedback throughout the study period leading up tothe examination.

How is it assessed?Assessment of the Diploma is solely by examination. There is a three-hour examination for each Module. Past papers andexaminers’ reports can be found on the PMI website.

When and where do the examinations take place?The Module One examination takes place in October and the Module Two examination takes place in April each year. The examinations for both Modules can be sat at centres worldwide. A full list of examination centres and the examinationentry form are available on the PMI website.

How do I register?You will need to complete the relevant form(s) which can be downloaded from the PMI website.

Please note it is not necessary to register as a Student Member of the PMI to attain the Diploma however people may do soto receive a range of publications and other benefits, or to pursue further PMI studies.

How does it fit into the PMI qualifications framework?The Diploma is part of the PMI qualifications framework and passing the examinations gives credits for anyone interested inpursuing further PMI studies. Module One has 100 credits and Module Two has 110 credits. Full details of the framework can be found in the Qualifications Overview Brochure which is available to download from the PMI website.

Further information/any queries?For further details visit the PMI website at www.pensions-pmi.org.uk or contact qualifications@pensions-pmi.org.uk

IEBAIEBA is an association providing education, information and professional development opportunities in the constantlyevolving world of international employee benefits. In addition to the development of the International Diploma, IEBA’sobjectives are to facilitate the exchange of information between its members on matters relating to international employeebenefits; take any appropriate collective action on matters relating to these benefits; and maintain liaison and exchangeviews and information with other organisations in the same field. Membership of IEBA is open to anyone with an interest ininternational employee benefits, regardless of country of residence. A year's free membership is offered to those studyingfor the Diploma. For up to date information on IEBA visit www.ieba.org.uk

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