Pension’s Reform, Regulation and Governance in the 21st Century

Those for whom finance is part of their responsibility and need a greater understanding of finance. They will be from all sectors, including private, public and not-for-profit including:



• Those who are non-specialists in finance
• Budget holders who are responsible for creating and managing their department’s budgets
• Operations managers who want to know more about cost management and projects
• Senior sales and marketing employees who have to understand financial statements
• Senior managers who require greater financial literacy skills
• Managers facing financial decisions or expect to make a contribution to a wider planning process

• Interpret and apply financial information in a business environment
• Put together a budget to justify expected expenditure
• Develop skills in interpreting financial statements and calculating selected key ratios
• Measure budgetary performance
• Conduct effective investment appraisals

Scheme Objectives, Structures and Challenges

• Demographic pressures for reform How money is laundered
• Pivotal role of pensions in developing economies
• World Bank Multi-pillar approach
• Comparison of Defined Benefit, Defined Contribution, Hybrid Schemes, Provident Schemes and Universal Pensions
• Pensions sustainability challenges

Scheme Funding and Investment

• Defined benefit schemes – sources of funding – sustainability issues and options for restructuring
• Defined contribution – the shift of risk and management structures
• The structure and decline of provident schemes
• Structure and funding of Universal schemes
• Investments in developing economies

The Need for Regulation

• Why regulation is needed and regulatory structures
• Regulation based on compliance
• Risk-based supervision
• Taxation models and implications
• Pension protection schemes

Scheme Governance and Administration

• Purpose and objectives of pensions governance
• Essential elements of good governance of schemes
• Roles and responsibilities of the governing body
• Private and Public sector schemes compared

The Role and Responsibilities of Trustees and Actuaries

• What is a Trustee, who can be a Trustee and what are the Trustee’s fiduciary responsibilities
• Trustee conflicts of interest
• Being effective in Trustee meetings
• Quiz to consolidate and reinforce learning