Introduction to Trusteeship Part 2 - The Practice

Introduction to Trusteeship Part 2 - The Practice

WHAT IS IT THE COURSE FOR?

To learn how to put the theory of pension scheme trusteeship into practice.

WHO IS IT FOR?

New trustees who have acquired the principles of the pension trustee role (or anyone who has completed Introduction to Trusteeship Part 1 - The Theory)

TOPICS

  • The protocol and mechanics of decision – making, including exercising discretions
  • Decisions about investments
  • Managing delegates and advisers
  • Trustee communications 
  • Getting it wrong, IDRP and the Pensions Ombudsman
  • Conflicts of interest
  • Maintaining a relationship with the employer
  • Governance

WHAT WILL I LEARN?

After attending the course you will be able to:

  • Differentiate between duties and discretions in their scheme’s Trust Deed and Rules
  • Recognise what the law expects of trustees when taking decisions and, separately, exercising discretions
  • Implement key principles of trustee delegation both in relation to their own trustee decisions (e.g. delegation to committees) and when delegating to external professional advisers
  • Identify key principles relating to trustee liability and the appointment of third parties
  • Recognise the main areas to focus on when putting in place legal documentation for the appointment of advisers
  • Identify pitfalls which may occur in scheme member communications
  • Demonstrate an awareness of why it is important to build a good relationship with the sponsoring employer
  • Identify what is meant by a conflict of interest and suggest ways that conflicts could be managed 

WHAT ARE THE DATES AND TIMES?

1 day, 10:00-16:00

 16 March 2018 book places
 26 APRIL 2018 BOOK PLACES
19 JUNE 2018 BOOK PLACES
4 October 2018 BOOK PLACES
 21 november 2018 book places


WHAT IS THE COURSE FOR?

To explain the theory behind pension scheme trusteeship.

WHO IS IT FOR?

New trustees 

TOPICS

  • Trust Law duties, powers and responsibilities
  • Financing pension arrangements
  • Investment responsibilities
  • Trustee Accountability and communication
  • Governance practices

WHAT WILL I LEARN?

After attending the course you will be able to:

  • List the main pension trustee duties, responsibilities and powers and explain how trustees aim to protect themselves against legal challenge
  • Classify the main advisers trustees normally use and identify the nature of advice each category of adviser provides
  • Explain to others how workplace pension schemes are financed and how they value their assets and liabilities
  • List key issues for pension scheme trustees to consider when determining their investment strategy
  • Name key actions pension scheme trustees should carry out they if they wish to exhibit good governance in their pension scheme

 

WHAT ARE THE DATES AND TIMES?

1 day, 10:00-16:00

FEES

£488+VAT - PLSA member
£868+VAT - non-member

 Courses take place at the PLSA's London offices.

Click here for location details and nearby hotels.

For more information please contact Anna Dixon:

020 7601 1765  |   anna.dixon@plsa.co.uk