Structured Solutions to Help You Take Control January 2013 to January 2014

Transcription

1 Pensions Training Structured Solutions to Help You Take Control January 2013 to January 2014

2 Strike Gold As memories of London 2012 drift away, it s time to get back to the job at hand. Our Olympians struck gold over the summer due to their years of training and training is available for you too. You will be pleased to know that you don t need to train day in day out to be a Top Trustee. You will however need sufficient knowledge and understanding to be able to fulfil your role. At Aon Hewitt we provide a range of highly interactive courses, specifically designed with your needs in mind. Trustees As a Trustee of an occupational pension scheme, the Pensions Regulator requires you to ensure you have the skills you need to exercise your functions as a Trustee properly. The Pensions Regulator expects Trustees to be able to demonstrate their knowledge, keep a record of their training and is interviewing and monitoring Trustee boards to see what level of formal training Trustees are undertaking. Aon Hewitt offer a range of training courses to enable Trustees to meet the requirements, and demonstrate they are taking control. Whether you are a new Trustee getting to grips with your role and its requirements, or an experienced Trustee maintaining your knowledge to comply with regulatory requirements, our courses will give you an understanding of the key issues. Have a look at our website ( pensionstraining) for some downloadable materials to help you make your first steps as a Trustee and to decide what your training requirements are. Pensions Management Committees Many employers operate contract-based arrangements (Group Personal Pensions for example), and are increasingly establishing pensions management committees to ensure these arrangements are well-run. Similar to a board of Trustees, a management committee acts in an advisory capacity to the employer, though it has fewer legal obligations than apply to Trustees. carry out their role efficiently. It is also suitable for HR professionals supporting contract based defined contribution schemes. Pre-retirement Seminars Retirement usually represents a major change in lifestyle and income. Planning ahead both financially and more broadly is key to a solvent, enjoyable retirement. Aon Hewitt s pre-retirement seminars will ensure that employees are equipped for the decisions and changes they need to make. Solutions to help you take control We deliver our learning in a unique range of formats that enable you to learn in the manner that best suits you: Group seminars Training in your Trustee group or at your Company Teleconferences Trustee forums Trustee roundtable meetings Global benefits roundtable meetings Importantly, you are not restricted to using the same format for all your needs you can pick and choose to suit your own particular requirements. In this brochure we set out the comprehensive range of training courses we offer, to help you take control. Aon Hewitt s pensions management committee training is designed specifically to meet the needs of management committees, identifying best practice and ensuring committee members can 2 Aon Hewitt Limited

3 Trustee Training Courses Our courses are designed to develop your knowledge of the areas identified in the Pensions Regulator s Trustee Knowledge and Understanding (TKU) Scope Guidance and are rooted firmly in the reality of day-to-day trusteeship. Defined Benefit part 1 (one day) This introductory course is suitable for new Trustees and as a refresher for those with more experience. It will help you gain a clear understanding of your responsibilities as a Trustee. It covers: The current legal framework Benefits and scheme design Trust Deed and Rules and scheme documentation The parties involved Conflicts of interest Trusteeship in practice A brief introduction to funding Defined Benefit schemes The main asset classes A brief introduction to investment strategy for both Defined Benefit schemes and Additional Voluntary Contributions Trustees liability and protections Good opportunity to quickly expand on limited knowledge of the Trustee role. Defined Benefit part 2 (one day) This course is suitable for more experienced Trustees who have either already attended the Defined Benefit part 1 course or have some experience as a Trustee of a defined benefit scheme. It assumes an understanding of the basic concepts of trust law and trusteeship and some knowledge of asset classes and investment markets. It provides a practical look at the key issues and decisions that defined benefit scheme Trustees now face, including: The role of the Pensions Regulator and the requirements placed on Trustees under the Codes of Practice including whistleblowing, notifiable events, and internal controls Scheme funding including the Statement of Funding Principles, assessing employer covenant and the use of contingent assets Risk management, flightplans and de-risking strategy Setting investment objectives and strategy Liability driven investment Investment managers and management Tuesday 15 January 2013 Wednesday 13 February 2013 Tuesday 19 March 2013 Wednesday 8 May 2013 Tuesday 18 June 2013 Tuesday 16 July 2013 Wednesday 4 September 2013 Tuesday 12 November 2013 Tuesday 14 January 2014 Price: VAT per person Wednesday 27 February 2013 Tuesday 21 May 2013 Tuesday 23 July 2013 Wednesday 25 September 2013 Wednesday 4 December 2013 Price: VAT per person Very good course, well paced and informative. Good introduction to the role. Pensions Training Brochure 3

4 Very useful course, met my expectations, excellent! Defined Contribution (one day) This course is suitable for Trustees of a defined contribution scheme or a hybrid scheme with a Defined Contribution section. It provides a practical look at the key issues and decisions that Trustees face when responsible for a Defined Contribution scheme, including: All seminars will take place in our London office unless otherwise stated. Our full-day and half-day seminars include lunch, refreshments and handouts. The current legal framework The key features of a Defined Contribution scheme Trust Deed and Rules and scheme documentation The parties involved Conflicts of interest Trusteeship in practice Asset Classes Setting investment strategy and choices Funding in Defined Contribution schemes Administration procedures Communicating benefits, risk and choice Annuity purchase Governance Wednesday 27 March 2013 Wednesday 3 July 2013 Wednesday 20 November 2013 Price: VAT per person Lots of information well presented. Book online at 4 Aon Hewitt Limited

5 PMI Award in Pension Trusteeship (APT) (Defined Contribution and Defined Benefit Scheme Trustees) The PMI Award in Pension Trusteeship is an accredited qualification for Trustees. The syllabus is closely based on the Pensions Regulator s Guidance for Trustee Knowledge and Understanding (Defined Benefit schemes with associated Defined Contribution arrangements) and the Pension Regulator s Foundation Indicative Syllabus. Our two day residential revision seminar is aimed primarily at helping delegates to demonstrate the skills needed to pass the examination, as well as updating and consolidating their TKU. The emphasis is on active participation via exercises and informal, lively discussion, leading up to a specially arranged sitting of the PMI APT examination at the end of the course. In recent years, the seminar has attracted very favourable comments from delegates and the pass rates achieved have been consistently high. Support with The Pensions Regulator s Toolkit The Pensions Regulator offers online training for Trustees via its toolkit. Aon Hewitt is able to offer support sessions for Trustee groups to work with them to complete the training. This is scheme specific and can be arranged for a whole Trustee board to attend. Training takes place at our offices with all Trustees given online access to the Pensions Regulator s toolkit. A trainer will be on hand to explain how the toolkit works and assist with scheme specifics where required. As all Trustees complete the training at the same time, this offers the opportunity for discussion around the scheme s specific Trust Deed & Rules, investment strategy and so on. A competent and professional exam preparation course. Wednesday 6 March to Thursday 7 March 2013 Wednesday 9 October to Thursday 10 October 2013 Price: 1,345 + VAT per person Venue: conference facility in Surrey Courses organised on request Price: from VAT per Trustee Board (4 12 people) The all-inclusive fee covers: Attendance at the two day seminar A selection of recommended pre-seminar reading material I am definitely a better Trustee as a consequence of attending this course. Detailed course notes Overnight accommodation following the first day Meals and refreshments during the seminar Examination entrance fee Pensions Training Brochure 5

6 Other Training Courses Pensions Management Committee Training (half day) This course is suitable for members of pensions management committees or other bodies set up by employers to oversee the running of their contractbased pension arrangements. It is also suitable for HR professionals with responsibility for contract-based arrangements, such as Group Personal Pension Plans. The requirements of management committees can be less clear than those for Trustee boards, and best practice can be harder to define. This course meets the varying needs of pensions committee members whether you are new to the role or an experienced committee member needing more advanced training and covers: The roles and responsibilities of a pensions committee member The law relating to pensions Pre-retirement Seminars (half day) Educating employees as they approach retirement is key: the Pensions Regulator has identified poor decisions at retirement as one of the five main risks to Defined Contribution scheme members. This course is suitable for employees approaching retirement who want to feel more in control of their financial and lifestyle planning. The seminars are relevant to members of both Defined Benefit and Defined Contribution pension schemes and cover financial planning for retirement and life after retirement including: Pre-retirement financial preparation Financial choices at retirement Taxation The transition to retirement Health and wellbeing Running a contract-based arrangement The basic principles relating to the investment of assets Fund management Best practice and scheme documentation Wednesday 20 March 2013 (am) Wednesday 18 September 2013 (am) Price: VAT per person Courses organised on request Price: from 3,000 + VAT for half day for up to 20 people at our London office Previous pre-retirement seminar delegates have said: Gave me a much clearer insight into the impact of retirement. There s more to retirement than meets the eye! Their HR teams have said: I want all my people to go on this. Will promote it as a benefit for all employees approaching retirement age. 6 Aon Hewitt Limited

7 Scheme Specific In addition to general principles relating to pension schemes, the Pensions Regulator also requires Trustees to be conversant with their own scheme requirements. We can provide bespoke training and pensions management services to help Trustees meet this need. Scheme-specific training The provisions laid out in the Pensions Act require Trustees to be conversant with: The scheme s Trust Deed and Rules The Statement of Investment Principles The Statement of Funding Principles Any other relevant scheme documents including reports, member communications, minutes and procedures We can adapt any of the seminars within this brochure for your Trustee body, tailored as required to your scheme documents. Alternatively, we can provide a shorter training discussion as part of your regular Trustee meetings. These can be developed to build on knowledge gained from our seminars and applied to the specifics of your scheme. Managing your pension scheme Our dedicated pensions management consultants specialise in outsourcing, governance, strategy and risk management. They work with both Trustees and employers offering information, expertise and timely advice that helps their clients get to the core of the matter. Schemes are assigned a dedicated scheme secretary/ pensions manager to ensure that they receive a consistent service, every aspect of which is robust, compliant, efficient and cost-effective. Our specialists can help you manage your training requirements by implementing a strategy that will feed into an effective business plan and provide you with bespoke training relating to: Trustee Effectiveness To help you assess how effectively you are performing as an individual Trustee and also as a group Risk Registers Our workshop helps Trustees understand the importance of maintaining a risk register. During this session we will help you begin to tailor our generic risk register which allows you to monitor and manage the risks specific to your scheme Conflicts of Interest Our training can help you identify potential conflicts, set up registers and develop policies to deal with conflicts of interest Governance Reviews Our reviews help you identify any weaknesses in your scheme s governance framework, enabling you to strengthen your controls and improve efficiencies, thereby reducing costs Keep Up to Date Trustee Roundtables Our regular events help Trustees to keep abreast of current pensions matters and developments in the industry, as well as to understand the practical issues they should be considering. Participation is free of charge. Tuesday 5 February 2013 Tuesday 23 April 2013 Tuesday 25 June 2013 Tuesday 24 September 2013 Trustee teleconferences Keep up with current issues from the comfort of your desk through our series of one hour teleconferences. Dial in details are provided to registered participants and participation is free. Tuesday 5 March 2013 Tuesday 11 June 2013 Tuesday 10 September 2013 Tuesday 12 November 2013 Tuesday 19 November 2013 Pensions Training Brochure 7

8 Further Information Seminars You can book on our seminars online at To check availability please contact the Pensions Training team on: +44 (0) , alternatively Further dates and locations can be arranged subject to demand. Pensions Management Services Helping to deliver good scheme governance, scheme secretarial support and providing pensions professionals on secondment when needed. Trustee teleconferences To register to participate, General Information For general information and location maps, please visit our website: Contacts For more information contact the Pensions Training team on: +44 (0) or Please contact Sharon McSweeney, About Aon Hewitt Aon Hewitt is the global leader in human resource consulting and outsourcing solutions. The company partners with organisations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit Nothing in this document should be treated as an authoritative statement of the law on any particular aspect or in any specific case. It should not be taken as financial advice and action should not be taken as a result of this document alone. Individuals are recommended to seek independent financial advice in respect of their own personal circumstances Aon Hewitt Limited Aon Hewitt Limited is authorised and regulated by the Financial Services Authority. Registered in England & Wales. Registered No: Registered Office: 8 Devonshire Square, London EC2M 4PL. aonhewitt.co.uk SB3502