100+ Free PMI RPC Practice Questions

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2026 Statistics

Key Facts: PMI RPC Exam

Official Exam Questions

PMI RPC page

75%

Nominal Pass Mark

PMI RPC page

2 hrs

Time Limit

PMI

39%

Sep 2025 Pass Rate

PMI examiners' report

£520

Student Package

PMI fees table

£807

Non-Member Package

Includes £287 membership

PMI RPC is assessed by an 80-question, 2-hour online MCQ (70 standard + 10 multiple true/false) with a nominal 75% pass mark. Student members pay £520; non-members pay £807 including £287 student membership. The September 2025 sitting pass rate was 39%. 2026 exams follow UK law/practice as at 6 April 2025.

Sample PMI RPC Practice Questions

Try these sample questions to test your PMI RPC exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In the UK, retirement provision typically comes from which combination of sources?

A.A mix of State, workplace and individual provision

B.State benefits only

C.Workplace pensions only

D.Employer lump-sum redundancy payments only

Explanation: UK retirement income is usually built from State Pension and related benefits, workplace pensions, and individual savings or personal pensions.

2Which body is the UK regulator of workplace pension schemes?

A.Financial Conduct Authority (FCA)

B.The Pensions Regulator (TPR)

C.Pension Protection Fund (PPF)

D.HM Revenue & Customs (HMRC)

Explanation: The Pensions Regulator supervises workplace pension schemes, including trustee governance and automatic enrolment compliance.

3What is the primary role of the Pension Protection Fund (PPF)?

A.To authorise master trusts for automatic enrolment

B.To set the new State Pension full rate each year

C.To pay compensation to members of eligible defined benefit schemes when the employer becomes insolvent and the scheme cannot meet its liabilities

D.To approve personal pension product literature

Explanation: The PPF provides a safety net for members of eligible DB schemes if the sponsoring employer fails and the scheme is underfunded.

4Which organisation investigates and decides complaints about the administration of occupational and personal pension schemes?

A.The Money and Pensions Service only

B.Companies House

C.The Bank of England

D.The Pensions Ombudsman

Explanation: The Pensions Ombudsman is the independent statutory body that investigates complaints about pension scheme administration and decides disputes.

5Why do pensions, payroll and HR teams typically need to work closely together for automatic enrolment?

A.Enrolment, contributions and communications depend on accurate worker status, earnings and joining data shared across those functions

B.Only HR is legally responsible, so payroll data is optional

C.Payroll alone decides investment strategy for the default fund

D.HR must appoint the scheme actuary for every DC master trust

Explanation: AE compliance requires coordinated data on who is eligible, what they earn, and when contributions start—typically spanning HR, payroll and pensions administration.

6In UK employee benefits language, a workplace pension is best described as:

A.A statutory National Insurance refund

B.Part of the wider employment/remuneration package offered alongside pay and other benefits

C.A loan from the employer that must be repaid at retirement

D.A temporary travel allowance

Explanation: Workplace pensions form part of the employment package, alongside salary and other benefits such as life cover or flexible benefits.

7What does a flexible benefits (flex) arrangement typically allow employees to do?

A.Ignore automatic enrolment duties permanently

B.Set their own State Pension age

C.Choose or trade elements of the benefits package within employer rules, sometimes including additional pension contributions

D.Instruct HMRC to change the annual allowance for all taxpayers

Explanation: Flexible benefits let employees select or trade benefits within an employer scheme, which may include boosting pension contributions.

8Which change ended contracting out of the State additional pension for defined benefit schemes?

A.Introduction of Pension Wise in 2015

B.Introduction of the Pension Protection Fund in 2005

C.Creation of NEST

D.Abolition of contracting out from 6 April 2016 alongside the new State Pension

Explanation: Contracting out of the additional State Pension ended from 6 April 2016 when the new State Pension was introduced.

9What is meant by 'de-risking' in a defined benefit scheme context?

A.Actions that reduce funding or investment risk for the scheme/sponsor, such as liability-driven investment, buy-ins or buy-outs

B.Automatically increasing all member contributions to 20%

C.Moving all members into ISAs

D.Cancelling the scheme's trust deed

Explanation: De-risking refers to strategies that reduce DB scheme risk relative to liabilities, including LDI, longevity hedging, and insurance buy-ins/buy-outs.

10Pension freedoms introduced from April 2015 mainly changed access to which type of pension benefits?

A.State Pension weekly rates only

B.Defined contribution (and some flexible) pots, allowing more flexible withdrawal options from normal minimum pension age

C.Only final salary DB pensions in payment

D.Only public sector unfunded schemes

Explanation: From April 2015, most DC savers gained more flexible ways to access pots from normal minimum pension age, including drawdown and UFPLS, rather than needing to buy an annuity.

About the PMI RPC Exam

The PMI Retirement Provision Certificate is a Level 4 online MCQ qualification giving a broad introduction to UK State, workplace and individual retirement provision, trusteeship, tax and investment.

Questions

80 scored questions

Time Limit

2 hours

Passing Score

75%

Exam Fee

£520 (student) / £807 (incl. membership) (Pensions Management Institute (PMI))

PMI RPC Exam Content Outline

18%

Retirement Provision in the UK

Origins, parties, employment package and change drivers

20%

Government Role and State Benefits

AE, tax incentives/allowances, State Pension and regulation

28%

Workplace Pension Schemes

Design, financing, trusteeship, administration and communications

16%

Individual Provision

Personal pensions, AVCs, savings and pension freedoms

18%

Investment for Retirement Provision

Considerations, asset classes, defaults and de-risking

How to Pass the PMI RPC Exam

What You Need to Know

Passing score: 75%
Exam length: 80 questions
Time limit: 2 hours
Exam fee: £520 (student) / £807 (incl. membership)

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

PMI RPC Study Tips from Top Performers

1Study all five learning outcomes — examiners note weak performance when candidates skip workplace benefits or individual provision topics

2Memorise AE thresholds for the relevant tax year: £10,000 trigger and £6,240–£50,270 qualifying earnings band

3Know the difference between TPR (workplace/trustees/AE), FCA (contract-based products) and HMRC (tax allowances)

4Practice both standard MCQs and multiple true/false statement pairs used in the final 10 official items

5Use the official pmi-rpc.com materials and PMI sample/mock papers alongside this free bank

Frequently Asked Questions

How many questions are on the PMI RPC exam?

The official exam has 80 multiple-choice questions in 2 hours: the first 70 are standard four-option items, and the final 10 are multiple true/false items. Each question is worth one mark. Our practice bank expands coverage to 100 questions across the same syllabus.

What is the PMI RPC pass mark?

PMI states the nominal pass mark is 75%. Results are issued as Pass or Fail with your raw score and percentage. The September 2025 sitting had a 39% pass rate according to the examiners' report.

How much does the PMI Retirement Provision Certificate cost?

As published on the PMI RPC page, the qualification package is £520 for existing student members and £807 for non-student members (including £287 student membership added at checkout). A physical certificate costs an optional £85.

What topics does the RPC syllabus cover?

The official guidance lists five learning outcomes: understanding retirement provision in the UK; the role of government; workplace pension schemes; individual provision; and the role and nature of investment in retirement provision.

Is the PMI RPC exam online?

Yes. PMI holds RPC exams online only via TestReach with remote invigilation. You do not travel to an exam centre. 2026 sittings include March, July and November dates published by PMI.

What law date do 2026 RPC exams use?

PMI learning materials state that 2026 exams are based on UK law and practice as it existed as at 6 April 2025 unless stated otherwise.