Pensions Management and Planning
£5850.00
INTRODUCTION
The pension landscape is continually evolving and demands attention. The responsibilities and obligations of individuals involved with work-related pension schemes are becoming increasingly intricate. Consequently, the expectations on managers, auditors, and accountants have reached new heights. Our tailored training course addresses the practical aspects of dealing with this complexity while providing informed procedural guidance on pension scheme administration, accounting, and auditing challenges.
The course also delves into records management, providing insight into understanding and addressing the challenges associated with implementing electronic records management systems.
Lastly, the course equips supervisors and first-line managers with the core knowledge and skills required to excel in their roles and responsibilities as new managers.
Participants attending the Pensions Management training course will develop the following competencies:
Understanding the value of Pensions and management
Learning how to transfer, adapt, and apply best practices from both the public and private sectors
Handling common administrative duties
Recognising the need for records management
Making significant contributions to scheme investment decisions
TRAINING OBJECTIVES
This training course on Pensions Management is designed to help participants achieve the following critical objectives:
Develop a 360-degree perspective on pension scheme regulation and administration.
Explore pension scheme investments in-depth, including alternative investments and auditing challenges.
Examine the pensions Statement of Recommended Practice (SORP) and its primary requirements.
Plan key stages of a change process using appropriate tools.
Have a range of analytical tools at hand to help identify the cause of problems.
Initiate a strategic planning process.
Develop sustainable policies on records and enhance their management.
Conduct Records Appraisal and Archiving.
Analyse case studies relevant to job responsibilities.
WHO SHOULD ATTEND?
This Pensions Management training course is suitable for a wide range of professionals but will be particularly beneficial for pension administrators and middle managers looking to enhance their technical skills and planning abilities.
Managers
Administrators
Trustees
Internal Auditors and Management Accountants
TRAINING APPROACH
This Pensions Management training course will combine presentations with instructor-guided interactive discussions among participants, encouraging dialogue on their individual interests. Practical exercises, video materials, and case studies will stimulate these discussions and provide maximum benefit to the participants. The course leader will extensively use case examples and case studies of issues in which they have been personally involved.
TRAINING OUTLINE
Day 1: Introduction to Pensions
Why have a pension?
Pensions Framework
Occupational schemes
Trustees
Risks
Case example or case study
Day 2: Basics of Administration
Understanding Pensions
Being a Trustee
Scheme Rules, Contributions, and Benefits
Case example or case study
Day 3: Running the Pension Administration Scheme Defined Contribution Scheme & Defined Benefit Scheme
Running a Scheme
Scheme financing for Defined Benefit Schemes
Case example or case study
Day 4: Understanding the Objectives and Value of Records Management
What are Records
Risks Associated with Electronic Records
ERM Misconceptions & Strategies
Records Retention & Disposals
Records Storage
Effective Filing
Case Study
Day 5: Producing a Strategic Response to Pensions Administration
Investing scheme assets
Administrating and accounting
Member communication
Managing Problems
Case Study
Certificate of Completion: Upon successful completion of the course, participants will receive a Certificate of Completion from Al-Majd Pathways Centre (APC).