Jardine Lloyd Thompson is helping UK trustees meet the 2004 Pensions Act requirements to have a full knowledge and understanding of the laws and regulations in relation to pensions, trusts, their investment strategies and funding abilities by launching Trustee Development Workshops. They aim to provide trustees with an overview of their powers and duties, develop their knowledge and give them an insight into the decisions they will have to make.
“Additional responsibilities and powers have been placed on trustees by legislation over many years and sanctions are imposed on trustees who fail to comply with these requirements,” says Raymonde Nathan, Consulting Director, JLT Benefit Solutions Ltd. “This is made even more important with The Trustee Knowledge and Understanding requirements. All this at a time when more Member Nominated Trustees are expected to come on board as Trustees Added to this are the various Code of best practice requiring trustees to focus more on their responsibilities for investment decision making and the processes involved. This has underlined the need for trustees to have a good working knowledge of what is required of them. The Pensions Regulator will be looking to Trustees to build and assess their own knowledge with only a small time period for knowledge to be gleaned. JLT always seek to assist Trustees in a practicable way.”
Details of the courses are as follows:
Seminar 1 – The Developing Trustee (full day) Designed for new trustees, or those with experience who wish to refresh, update or develop their knowledge. Also useful for those who wish to understand the mechanics of how pension provision works. The seminar covers:
* Company pensions and state pensions* Legal background to the trustee role* Trustees’ duties, responsibilities and powers* Finance and Pensions Act 2004* Financing and investment fundamentals* Managing and administering the scheme* Communication and disclosure* Current topical issues
Locations and dates:* Bristol 28 March* Bristol 27 September* Cardiff 22 May* Cardiff 20 November* Leeds 25 April* Leeds 3 October* London 15 February* London 17 May* London 27 September* London 22 November* Manchester 14 March* Manchester 12 September Seminar 2 – Investment Principles & Risk Management (full day) Designed for the trustee who needs to know more about managing the scheme’s investments and also understand the wider risk management issues.
Investment (a.m)* Asset allocation and liabilities* Asset strategy* Bonds vs equities* Active vs passive* Benchmarking and monitoring* Manager selection* Myners code of practice
Risk Management (p.m)* Identifying and controlling the risks* Trustee and employee issues* Financial risk* Operational risk* Procedural risk* Compliance* Reputational
Locations and dates:* London 15 March* London 18 October* Manchester 26 April
Each seminar costs 350 + VAT, for booking information contact Shelley Fisk on 0207 8957713 or Shelley_Fisk@jltgroup.com