TWO-DAY TRUSTEE TRAINING COURSE
Purpose of the course
Retirement fund trustees play a significant role in decision-making on retirement fund savings. Now more than ever, there is a strong need for the professional development and support for retirement fund trustees to ensure that good governance practices are understood and adhered to.
Numerous determinations by the Pension Funds Adjudicator have emphasised the need for trustees to be aware of their fiduciary duties to avoid liability in the event of maladministration of their funds. In addition, PF 130 requires that all boards of trustees put in place :
- a documented code of conduct, which outlines their duties and obligations,
- a fund-specific investment policy statement and
- a communication strategy to members.
To support trustees, who can only benefit from proper training, Liberty Corporate have engaged the services of InvestmentWise, to conduct a series of trustee training courses. InvestmentWise, an INSETA accredited, independent service provider, was awarded the “Training Provider of the Year 2009” Imbasa Yegolide Award by the Principal Officers Association and Global Pensions UK.
Who is the course aimed at?
All incumbent and aspirant trustees are welcome. The courses are designed to enhance their knowledge of retirement-fund matters and assist them to meet their fiduciary duties.
Format
Specific aspects of retirement-fund law and practice will be highlighted through case studies. They will give the delegates a clear understanding of how the legal and technical aspects fit into the practical realities that trustees are faced with.
Number of delegates per course
Each course will have a maximum of 15 delegates and a minimum of 10. This is to ensure that the sessions are manageable, interactive and meaningful to all concerned.
Registration
If you and / or your fund’s trustees are interested in attending the course, please contact
Mary Hutchison . Mary will be happy to supply further details and a registration form.
Fees
R3 000 per delegate (excluding VAT)
Training dates and venues for 2011:
|
February |
23, 24 |
Astrotech Conference Centre - Johannesburg |
|
March |
23, 24 |
Astrotech Conference Centre - Johannesburg |
|
May |
25, 26 |
Astrotech Conference Centre - Johannesburg |
|
June |
22, 23 |
Astrotech Conference Centre – Johannesburg |
|
July |
20, 21 |
Astrotech Conference Centre – Johannesburg |
|
August |
24, 25 |
Astrotech Conference Centre – Johannesburg |
|
September |
21, 22 |
Astrotech Conference Centre – Johannesburg |
|
October |
19, 20 |
Astrotech Conference Centre – Johannesburg |
Please Note: If you have a group of 10 or more trustees, training will take place at a venue close to your offices.
The sessions start at 09h00 and end at 16h30
Unit Standard Based
We offer unit standard aligned training, but will be happy to comply with any customised requests.
The course comprises two consecutive days (1 ½ days for facilitation and ½ day for the assessment). This course is aligned with the following unit standards and provides learners with nationally recognised credits.
|
123416 |
Demonstrate knowledge and understanding of the individual’s basic rights and responsibilities under a retirement fund |
1 |
1 |
|
123420 |
Demonstrate knowledge and understanding of the role and responsibilities of Trustee of retirement funds |
3 |
2 |
Course content includes:
- Group Retirement Funds – What is a Retirement Fund? Different Types of Funds, Industry Regulation, Fund Benefits
- Role of Trustees – Purpose of Trustees, Election of Trustees, Fiduciary Duties, Trustee Responsibilities
- Fund Governance – Role Players, Monitoring of service providers, Good Governance and Ethical Standards
- Queries and Complaints – Mismanagement of the Fund, Complaints/Queries, The Pension Funds Adjudicator
- Distribution of Death Benefits – Legal Texts, Investigating Dependency, How to distribute Death Benefits
For queries regarding the course content contact
Mary Hutchison
Tel. (011) 408 3082
Fax (011) 408 3987
mary.hutchison@liberty.co.za