Certified Pension Trustee of Scheme, Fund and Liability Insurance

Why Select this Training Course?

This course explores the new waves of trusteeship, which include schemes, fund management, and liability insurance. Through the customized content that creates strong structure of governance and oversight, attendees will sink in the most relevant and significant issues facing pension trustees today. Every detail of this intensive workshop is designed to provide trustees not only with a thorough understanding of their role, but to also help them safely to navigate through the ever changing financial, regulatory, and demographic landscapes.

Is the course content in line with latest regulatory reforms?

Yes, compliance with the existing regulatory frameworks are integrated and trustees are coached with foremost compliance practices.

How does the course uphold contemporary risk management strategies? 

It dissects modern risk management tools and presents strategies for risk hedging of the schemes against volatility and other financial hazards.

Who Should Attend?

This programme has been tailored for:

• Current and prospective Pension Trustees
• Pension Scheme Managers
• Compliance and Risk Officers in the Pension Industry
• Pension Fund Accountants
• Insurance Professionals specialising in Pension Liabilities
• Investment Managers with Trustee Clients
• Human Resources Professionals focusing on Retirement Benefits

What are the Course Objectives?

By the end of this course, attendees will be able to:

• Understand the legal obligations and the fiduciary responsibilities of pension trustees.
• Establish a strong risk management network in pension schemes.
• Use contemporary knowledge in administering pension funds and liabilities.
• Navigate the complex terrain of pension governance with aplomb.
• Utilise advanced technologies to ensure trusteeship is effective and trust assets are secure.

How will this course be presented?

Through a multi-faceted delivery approach:

• Practical workshops based on real-life situations.
• Through intensive case studies analyzed and debated jointly
• Interactive talks with industry elders
• Real-time game simulations about trustees’ decision making.
• Extensive reviews of current and emerging legislative regulations

What are the Topics Covered in this Course?

Module 1: Strategic Pension Scheme Governance                       

• The board’s composition and changing governance responsibilities
• Legal framework and ethical aspects in trusteeships,
• Conflict of interest management and disclosure as per protocols.
• Stakeholders’ engagement and communication excellence.
• Fiduciary duties are also crucial considering personal liability mitigation.
• Formulation and establishment of regulation engagements.
• Keeping track of service providers and ensuring that they are penalized.
• Data protection legislation and its role in the provision of pension schemes.
• Data protection laws and their impact on pension schemes
• Keeping abreast with global pension governance trends
• The impact of environmental, social, and governance (ESG) factors on trusteeship

Module 2: Pension Scheme Risk Management

• The basic principles of pension fund risks management.
• Conducting the risk assessment and the evaluation.
• Market fluctuations influences pension scheme assets and liabilities.
• The function of actuarial valuations in mitigation of risk.
• Cyber threats and response strategies.
• Liquidity risk management and readiness planning.
• Operational risk controls within pension plans.
• Legal and regulatory compliance risks.

Module 3: Advanced Pension Fund Investment Strategies

• Aligning investment objectives with pension scheme goals
• Asset-liability matching techniques
• Overview of alternative investment vehicles for pension funds
• Implementing ESG investment principles
• Strategies for inflation-proofing of pension assets
• Active vs. passive investment management decision-making
• Managing counterparty risks in investment operations
• Performance measurement and attribution analysis
• The role of smart beta in modern pension fund portfolios

Module 4: Pension Fund Financial Analysis & Reporting

• Annual financial statements and reports for pension funds
• Pension fund accounting under International Financial Reporting Standards (IFRS)
• Analysis of fund performance and member communications
• Regulatory compliance reporting obligations
• Cost control mechanisms and value for money auditing
• The role and selection of external auditors
• Developing internal financial controls and audit processes

Module 5: Pension Scheme Design and Restructuring

• Current trends in pension scheme structures
• Defined benefit vs. defined contribution scheme considerations
• Designing hybrid pension schemes
• Longevity risk management and life expectancy projections
• Tailoring pension benefits to diverse workforce needs
• Pension scheme mergers, acquisitions, and wind-ups
• Legal implications of pension restructurings
• Member consultation and negotiation strategies
• Rights and protections under pension guarantees
• International pension scheme structures and compliance
• The influence of technology in scheme design and member engagement

Module 6: Liability-Driven Investment (LDI) Approaches

• The concept and importance of LDI in pension fund management
• Matching strategies for different liability profiles
• Interest rate hedging and inflation protection instruments
• Cash flow-driven investment strategies
• Implementing LDI within regulatory constraints
• Role of derivatives in LDI strategies
• Measuring and monitoring LDI strategy effectiveness
• Challenges and practical considerations in adopting LDI
• Communication of LDI approach to stakeholders
• The future of LDI and innovation potential

Module 7: Pension Scheme Funding and Valuation

• Funding principles for pension schemes
• Statutory funding objective and the employer covenant
• Use of actuarial valuations in funding and benefit security
• Understanding deficit repair contributions
• The influence of market conditions on funding approaches

Module 8: The Trustee’s Role in Member Communication

• Effective member communication strategies
• Legal requirements for disclosure and transparency
• The importance of financial literacy in communications
• Leveraging technology for enhanced member engagement
• Behavioural approaches in communication to drive member action
• Assessing the effectiveness of communication channels
• Privacy and data considerations in member outreach
• The impact of communication on member trust and scheme perception

Module 9: Regulatory Compliance and Legal Updates

• Analysing recent regulatory changes in the pension industry
• The role and powers of pensions regulators
• Understanding the sanctions regime and compliance enforcement
• Practical implications of legal updates on trusteeship
• The effects of Brexit on UK pension schemes
• Pension scams and trustee responsibilities for prevention
• Application of anti-money laundering (AML) regulations
• The rise of class actions and member disputes
• Growing importance of data privacy regulations like GDPR
• Development of international regulatory frameworks affecting pension schemes

Module 10: Technology and Innovation in Pension Management

• Digital transformation journey for pension funds
• Fintech solutions for trustee management and oversight
• Role of artificial intelligence (AI) in predictive analytics
• Blockchain technology for transparency in pension transactions
• Robotic Process Automation (RPA) to streamline operations
• Cybersecurity best practices for pension fund trustees
• Impact of Insurtech on liability insurance
• Integrating cloud computing services for pension scheme data
• Using big data for personalization of pension plans
• Technological considerations in remote trustee meetings and decision-making