A module on pensions law is the latest addition to the Pensions Regulator's free e-learning service the Trustee Toolkit.
In this new module, the learner is faced with more complex scenarios involving governance, conflicts of interest and financial difficulties for the employer. Through it they will also start to consider funding problems and develop an understanding of the Pensions Regulator’s role.
The trustee toolkit is made up of a series of modules each containing a number of scenarios in which the user plays the part of a newcomer to a fictitious trustee board. The scenes are based on real-life examples which trustees may come across in their role.
Launched in February, the Pensions Regulator developed the programme in response to the trustee knowledge and understanding requirements of the Pensions Act 2004, and is designed to help trustees comply with the new legislation.
Future modules will build on the ground already covered and will include all the topics in the Regulator’s Scope Guidance, including funding, asset allocation, contributions and fund management. The next module will introduce investment issues.
In addition to helping trustees bring their knowledge and understanding up to date, the syllabus will also form the basis of a new voluntary qualification for trustees to be launched by the Pensions Management Institute (PMI), in April, which will replace the Trustee Certificate currently offered.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7968 4558 or email [email protected]IFAonline
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