The Pensions Regulator has released the latest module for it's ‘Trustee Toolkit' e-learning programme.
Developed in response to the Trustee Knowledge and Understanding (TKU) requirements in the Pensions Act 2004, the latest module in the programme focuses on investment.
Entitled ‘Four Major Asset Classes’, the latest instalment is set around the setting up of an investment sub-committee and aims to cover the ‘absolute fundamentals’ about:
- Each of the four major asset classes
- Capital markets
- Economic Cycles
- Valuation and measuring performance
- Risk and reward in relation to the four asset classes
The module also contains a tutorial about with profits policies and case examples, and in addition the Regulator says there will be a module on specialised assets and investment techniques at the end of the programme for those trustees which require it.
Made up of a series of modules, the ‘Trustee Toolkit’ contains a number of scenarios based on real-life examples, in which the user plays the part of a newcomer to a fictitious trustee board.
The syllabus of the ‘Trustee Toolkit’ is based on the ‘Scope guidance’ published by the Regulator on its website and it forms the basis of a new voluntary qualification for trustees launched by the Pensions Management Institute (PMI).
April Alexander, head of regulated community learning at the Pensions Regulator, says this module gives an introduction to investment and should be of interest to trustees of both defined benefit (DB) and defined contribution (DC) schemes.
She adds: “The objective is to give trustees a grounding in the subject for forthcoming modules on funding a DB scheme ad the design and management of a DC scheme and on fund management which applies o both types of scheme.”
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