Trustee and Scheme
Management Training
2016
Introduction
Trustees and the law
How can we help?
As the Pensions Regulator (tPR) states, ‘committed,
conscientious trustees play an essential part in the
proper running of pension schemes’. Trustees have
wide-ranging powers and discretions under the
Pensions Act 2004. The law requires that trustees
have the knowledge and understanding to perform their
role properly (as outlined in the scope documents for
trustee knowledge and understanding developed by tPR).
This includes understanding the law relating to pensions
and trusts, the funding of pension schemes and the
investment of scheme assets.
No-one has more experience of providing advice to
trustees of all scheme sizes than Willis Towers Watson.
We have provided training for trustees for many years
and our latest courses are designed to support trustees’
needs, complementing tPR’s current e-learning programme.
Our in-house training includes:
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Introductory Trustee Training
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DC Training
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Contract-based DC Training
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Investment Management Trustee Training
Complying with the law
Further information
TPR has developed a web-based trustee toolkit that
covers all of the scope documents and has been designed
to help trustees comply with the minimum requirements.
For some, this e-learning programme may be sufficient.
Others, however, are likely to feel the need to supplement
e-learning with further training, either on specific issues or
relating to the particular circumstances of their scheme,
and have the opportunity to share experiences with other
trustees. As legislation and good practice are in constant flux,
the trustee body – or subgroups of it – should seek regular
briefings and refresher courses.
In addition to these courses, we run a range of seminars
that are of interest to trustees and others interested in the
management of pension schemes. For further information,
please contact your Willis Towers Watson consultant, or
[email protected]
Bespoke courses
As an alternative to the in-house courses, your
Willis Towers Watson consultant can work with you to
identify the training needs of the trustee body as a whole,
groups of trustees, or individual trustees. We can then
develop and deliver a course or training programme designed
to meet these specific needs. Courses can be run at any
location convenient for the trustees, including your offices or
Willis Towers Watson’s offices. Training can also be included
as a regular slot during normal trustee meetings.
What will I learn?
These courses will be designed and delivered to meet
your specific needs, and tailored to your scheme and
circumstances. By drawing on a library of training materials,
where possible, we are able to provide tailored courses
quickly and within a realistic budget.
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Trustee and Scheme Management Training
The full range of topics are covered, including
defined benefit (DB) scheme funding, investment,
scheme operation, settlement and defined
contribution (DC) scheme matters.
Who should attend?
These courses can be designed and delivered
to suit any level of experience or knowledge.
What do I do now?
For further information, or to discuss your
training needs in more detail, please contact
your Willis Towers Watson consultant or
[email protected]
Introductory Trustee Training
This one-day course is designed for those new to
trusteeship and provides a participative environment
in which trustees are able to explore the challenges
they face with their peers and leading members of
the Willis Towers Watson team.
This course includes:
An introduction to trusteeship – covering the basics of:
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What a trust is
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Duties, powers and responsibilities of trustees
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Managing conflicts of interest
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Scheme management
An introduction to pensions – covering the basics of:
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How a DB pension scheme works
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Funding DB pension schemes
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How a DC pension scheme works
Dates:
London
Wednesday 3 February 2016
Thursday 21 April 2016
Thursday 20 September 2016
Wednesday 2 November 2016
Manchester
Thursday 3 March 2016
Time (all locations):
9.00am-4.00pm
Venues:
London
71 High Holborn, London, WC1V 6TP
Manchester
Belvedere, 12 Booth Street, Manchester, M2 4AW
Please check the latest dates and locations
at www.willistowerswatson.com/trustee
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Risks and choices faced by DC scheme members
An introduction to investment matters – covering the
basics of:
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The trustee’s role in investments for DB and
DC schemes
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Types of assets
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Setting investment strategy
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Selecting fund managers
Course fees
The cost of this full-day course is £300 + VAT
(including breakfast and lunch).
Who should attend?
This course is suitable for new trustees (or those
new to working with trustees) seeking a basic overview
and a solid grounding for subsequent bespoke training.
What do I do now?
To book a place on one of the Introductory
Trustee Training courses, please register online
at www.willistowerswatson.com/trustee
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willistowerswatson.com
DC Training
This one-day course is designed to give delegates a
better understanding of the many issues they will face
as a trustee, or scheme manager, of a DC scheme.
Course fees
In a highly participative environment, delegates
will explore:
Who should attend?
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The legal framework within which trustees operate.
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The key issues in effective DC administration.
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How to devise a DC investment strategy and monitor
investment performance.
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Communication and improving member understanding.
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The retirement process, member choices and building
a member support framework.
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The latest developments in DC governance.
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Selecting fund managers.
Dates:
London
Thursday 16 June 2016
Tuesday 15 November 2016
Time:
9.00am-4.00pm
Venue:
London
71 High Holborn, London, WC1V 6TP
Please check the latest dates and locations
at www.willistowerswatson.com/trustee
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Trustee and Scheme Management Training
The cost of this full-day course is £300 + VAT
(including breakfast and lunch).
This course is aimed at trustees or managers of DC
plans and finance/HR executives who have an interest
in trust-based DC pensions.
What do I do now?
To book a place on one of the DC Training courses, please
register online at www.willistowerswatson.com/trustee
Contract-based DC Training
This one-day introductory course is designed to
provide delegates with a practical guide to running
an effective contract-based DC pension arrangement.
Course fees
This course will cover a number of different areas, including:
Who should attend?
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An overview of the current UK DC pensions landscape,
highlighting issues, trends and emerging best practice.
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The regulatory framework and the respective roles of
the employer, provider and adviser.
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DC governance – a practical guide to minimising risk
and maximising value.
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A discussion on DC investment strategies and a
guide to monitoring investment performance.
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Member engagement and communication – practical
guidance on how to improve member awareness
and understanding.
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An overview of the retirement process and new
post-retirement options.
Dates:
London
Thursday 25 February 2016
Wednesday 5 October 2016
Time:
9.00am-4.00pm
Venue:
London
71 High Holborn, London, WC1V 6TP
Please check the latest dates and locations
at www.willistowerswatson.com/trustee
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willistowerswatson.com
The cost of this full-day course is £300 + VAT
(including breakfast and lunch).
This course is aimed at members of
contract-based DC governance committees
and finance/HR executives who have an
interest in contract-based DC pensions.
What do I do now?
To book a place on one of the Contract-based
DC Training courses, please register online at
www.willistowerswatson.com/trustee
Investment Management Trustee Training
For pension schemes
This one-day course is designed to give delegates a
deeper understanding of a range of investment issues
that apply to both DB and DC pension schemes.
In the morning session delegates will explore:
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Trustee investment responsibilities and governance
matters across UK pension funds, including
the importance of applying investment beliefs
in investment strategy.
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Characteristics of mainstream and alternative asset
classes for UK pension funds that currently feature in
portfolios and board meetings of UK pension funds.
In the afternoon we will explore the investment
issues relating to DB and DC arrangements in separate
breakout sessions if numbers allow. Delegates should
indicate on application whether they are interested in
attending breakout sessions relating to DB schemes,
DC schemes or both and we will accommodate these
preferences as far as is practical.
DB breakout
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Use of asset liability modelling and risk budgeting
techniques to make decisions about long-term strategy
and risk management.
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A high-level introduction to liability matching investment
strategies and the objectives of such strategies.
DC breakout
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Approach to reviewing and designing default investment
strategies in line with tPR’s quality features set out in the
Code of Practice.
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The impact of the new retirement flexibilities on
member behaviour and the implications this has for
investment solutions.
Delegates will also enjoy the opportunity of meeting trustees
from other pension schemes and discussing general topics in
pension risk management with the presenters.
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Trustee and Scheme Management Training
Dates:
London
Thursday 2 June 2016
Thursday 13 October 2016
Leeds
Wednesday 11 May 2016
Time (all locations):
9.00am-4.00pm
Venues:
London
71 High Holborn, London, WC1V 6TP
Leeds
1 Wellington Place, Wellington Street, Leeds, LS1 4AP
Please check the latest dates and locations
at www.willistowerswatson.com/trustee
Course fees
The cost of this full-day course is £300 + VAT (including
breakfast and lunch).
Who should attend?
This course is aimed at trustees of DB or DC schemes
who are looking to develop their knowledge of their
scheme’s investment decisions.
What do I do now?
To book a place on one of the Investment Management
Trustee Training courses, please register online at
www.willistowerswatson.com/trustee, and indicate
whether you are interested in DB schemes, DC schemes
or both.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and
solutions company that helps clients around the world turn risk into a path for
growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees
in more than 120 territories. We design and deliver solutions that manage risk,
optimise benefits, cultivate talent, and expand the power of capital to protect and
strengthen institutions and individuals. Our unique perspective allows us to see
the critical intersections between talent, assets and ideas — the dynamic formula
that drives business performance. Together, we unlock potential. Learn more at
willistowerswatson.com.
Willis Towers Watson
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London
WC1V 6TP
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