Course description
A certificate in Pension Administration is required to continue professional work in Pension Administration. Laws and regulations change for the good of the citizens. Similarly, recent legislative changes in pension administration are meant for the betterment of the citizens; however, these changes also demand that pension administrators be aware of the changes and work accordingly to succeed in this ever-growing field.
What is Pension Administration?
Pension Administration is a field in which the Pension Administrator manages and monitors the pension accounts.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The certificate in Pension Administration training course by Rcademy is ideal for
- Private sector workers
- Any person interested in pursuing this field in the future
- Anyone who wants to acquire beginner to advance level knowledge in the Pension Administration field
- Payroll individuals who want to update their knowledge in the domain of pension legislation
- Professionals who want to learn real-world knowledge more than mere theoretical information
- Any professional who wants to learn pension administration related explicitly to automatic enrolment
- Individuals who are currently working or want to work in the DB or DC pension schemes
Outcome / Qualification etc.
Upon the successful completion of the Certificate in Pension Administration training course by Rcademy, the trainees will be:
- Increasing self-confidence and performing best in their roles and domains
- Understanding of the pension administration field, including new legislative changes in a better way
- Comprehending the pension schemes
- Learning how to administer the pension schemes using various tools and techniques
- Improving performance and decreasing risks of penalties
- Discovering the best way to ensure success in the pension administration field by learning from the experiences of the Rcademy professionals
- Learning how to avoid potential problems which can result in the penalties
- Understanding how to apply the knowledge acquired during the course in real-life and get exceptional outcomes
- Learning the difference between pension schemes and why these pension schemes are important
- Learning the ability to understand and comprehend changes in the legislation related to pension administration
Training Course Content
Rcademy has carefully curated this training course. It will touch and enlighten participants on critical areas that are the bedrock of Public Speaking and Presentation and the skills needed to be excellent at them. In addition, it focuses on increasing the ability of the participants to practise these important skills, which will benefit them and their organisation.
All of the essential topics required to be completed to become a certified professional are presented below:
Module 1: Pension Administration
- What is Pension Administration?
- Benefits of the Pension Administration
- Roles and responsibilities of a pension administrator
- What is a pension scheme?
Module 2: Pension Schemes
- Defined Benefit
- Defined Contribution
- Occupational Pension Scheme
- Difference between these three schemes
- HMRC and its roles
- Introduction to the Department of Work and Pensions and its roles
- The roles of the Pension Regulator
- Requirements of the annual reporting
Module 3: Pension Schemes Information
- Defined membership criteria
- Comprehending how changing situations can affect pension advantages and privileges such as non-eligible jobholders, eligible jobholders, and entitled working force
Module 4: Pension Scheme Records’ Maintenance and Creation for Members
- Comprehending the rules and regulations of schemes
- Understating organisational procedures
- Dates and their impact on the creation of new member
- How to complete the process for a new member within a given date
- Automatic enrolment
- Automatic enrolment postponement
- Discrepancy investigation
- Discrepancy resolving
Module 5: Pension Schemes: Transfer into and out of
- Comprehending the rules and regulations related to transfer (into and out of pension schemes)
- Calculation of transfers
- Transfer communication
- Verification of data
Module 6: Recent Trends
- A brief overview of the recent trends
- Understating legislative changes
- Comprehending the legislative changes
Module 7: Modifications in the Records of Pension to Indicate the Changes in the Member’sCircumstances
- Pre-retirement checkout
- Comprehending all the situations and criteria in which the pensions can be payable other than retirement time
- A deep dive into the regulations and rules of the schemes to understand the advantages in case of the death of a member during service
- A deep dive into the regulations and rules of the schemes to understand the advantages in case of the death of the member while receiving the payments of the pension
- A deep dive into the regulations and rules of the schemes to understand the advantages in case of the death of the member after a divorce
- Understanding and calculating the advantages
- Communicating those advantages
Module 8: Benefits of the Payment Schemes for Pensioners
- Understanding the regulations related to processes that are crucial for the pensioner payroll process
- Interpreting the benefits of the continued pension payments
Module 9: Necessary Skills to be a Member of the Pension Team
- Improving communication skills
- Customer service skills
- Expectations of customer service skills
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...