Course description
The Pension Scheme Governance, Regulation and Best Practices Course by Rcademy will educate learners on the many benefits of pension plans. Understanding the material in depth is necessary for success in this career. All levels of instruction, from introductory to advanced, are provided by specialists with theoretical and practical expertise in their respective fields.
What is a pension scheme?
The pension schemes are more like saving plans. The important thing is that pension schemes are meant for the long term. Moreover, the pension scheme is an effective way to save money from taxes during employment. In other words, you will have security when you get old or think it is time for retirement to work less than usual.
Pension schemes have a variety of types. The employers can execute several pension schemes, while the employees can set up other types. The pension scheme has one charm: you can go with more than one scheme at a time. You can save your money in one pension scheme, and at the same time, you can go with another scheme. This way, you will have many options to enjoy the pension amount from different sources.
What is the role of a regulator in pension scheme governance?
The pension scheme cannot run well without pension scheme governance. Pension scheme governance is the area of responsibility of the regulators. Whether it is DB or DC, the following things are done in the pension scheme governance by the regulator:
- Enlighten the potential pensioner about thegovernance of the pension scheme that must be met
- Improving and enhancing the practical steps for pension scheme governance requirements
- Developing a robust framework that will help during the proceeding of pension scheme governance
Trainees in pension schemes need to be specialists with more than just a theoretical understanding of the subject. Given the widespread pension concerns, the experts at Rcademy are intent on imparting academic and practical expertise to their students. Rcademy’s faculty members are all well-versed in their respective professions and current market trends. That’s why they’ve got the chops to keep up with the market and its demands for information.
Upcoming start dates
Suitability - Who should attend?
After completing The Pension Scheme Governance, Regulation and Best Practices Course by Rcademy, the trainees will be able to:
- Learning the skills of marketing in the pension field and using pensions for the benefit of employees
- Comprehending the pension scheme regulation deeply
- Learning the future-proof sales
- Learning the art of policy formulation
- Discovering the skills of pension scheme governance
- Comprehending the pension scheme from the perspectives of a different jurisdiction
- Learning the marketing art in the competing pension field and other available investment options
- Updating the knowledge and learning the new market trends
- Learning the use of artificial intelligence and technology in the field of pension
- Acquiring diverse skills like critical thinking, decision-making skills etc
- Apprehension of the current governance and pension designs
- Discovering the techniques for improving the cash flow
- Learning about new tools, techniques and strategies for reducing the risks
Training Course Content
All modules that will be covered in this course are mentioned below:
Module 1: A brief overview
- What is a pension?
- What is a pension scheme?
- What is pension scheme governance?
- What is pension scheme regulation?
- Why is this regulation necessary?
- Types of Pensions
- How to identify a DC and DB?
- Advantages of pension
Module 2: Public Pension schemes recipients
- The judiciary
- Health service workers
- Members of the police force
- Teachers
- Members of the armed forces
- Civil servants
- Rescue and fire workers
- Local government workers
Module 3: Risks related to the pension schemes
- Investment risks
- Fraud
- IT errors
- Legal risks
- Administrative issues
- Natural disasters
- Funding risks
Module 4: Geographic elements of risks
- Demographic modifications
- Mortality
- Diet
- Morbidity
- Threat actors
- Economic trends
- Social modifications
- Lifestyle changes
- Political and legal trends
- Changing the behaviour of the masses towards pension
Module 5: Stakeholders of Pension schemes
- Taxpayers
- Participants in the plan
- Current members and contributors
- Retired members and contributors
- Survivors
- Active and retired members’ dependents
- Government
Module 6: Challenges to pension scheme governance and regulations
- Issues of the agency
- Lack of surety of the dynamics of the population
- Misconduct
- Corruption
- Conflict of interest
- Governing body’s lack of expertise
- Issues within the board
- Fund managers’ limited incentives
Module 7: Advantages of pension scheme governance and regulations
- Reduced cost for stakeholders
- Decreased cost of overregulation
- Positive impacts on the economy
- Adequate and appropriate supervision by authorities
Module 8: Pension scheme governance
- Pension scheme: multi-pillar
- Multi-pillar pension scheme’s maturity
- Pension privatisation
- Pension systems and their results
- Regulatory Authorities
- Governance: Public pension scheme
- Developing countries’ time to learn crucial lessons
Module 9: Pension scheme regulations
- General overview
- Crucial acts
- Principles of acts
- Modifications in the regulations and comprehending them
- Reporting officers of money laundering
- Trustees’ and regulators’ roles
- Pension technology as the key enabler
Module 10: Investment Strategies: Best Practices
- Protection assets
- Investment policy statement
- Growth assets
- Selection of a perfect blend of performance and risk Appetite
- Management fees
- Investment performance
- Economic cycles
Course delivery details
This course uses various techniques to maximise the input of the trainees. These techniques involve quizzes, projects, mini-projects, group discussions, etc. The Pension Scheme Governance, Regulation and Best Practices course aims to enable individuals to excel in their careers and help them get better jobs.
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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...