So you are familiar with the topics we plan to cover on Introduction to trusteeship we start off by discussing the parameters of the trustee role. Once we have explored the basic principles we focus on how pension schemes are financed, including highlighting the processes adopted to manage finances. Trustees are responsible for their scheme's investments, albeit they will generally delegate the day-to-day management to an investment manager(s). We also focus, therefore, on key aspects of their investment responsibilities.

As much of the trustee role centres around accountability and good governance Introduction to trusteeship introduces you to the areas where trustees have to provide information about their activities and when they need to communicate direct to scheme members. To do this accurately they must also communicate with their advisers and time is also given to the reporting trustees should receive. 

After this workshop you will be able to:

• List the main pension trustee duties, responsibilities and powers and to explain how trustees aim to protect themselves against legal challenge.
• Classify the main advisers trustees normally use and identify the nature of advice each category of adviser provides.
• Inform others what actions trustees must take to execute the trustee responsibility of collecting pension contributions.
• Explain to others, using facts described during the course, how workplace pension schemes are financed and how they value their assets and liabilities.
• List key issues for pension scheme trustees to consider when taking decisions about the investment of pension scheme assets.
• Name key actions pension scheme trustees should carry out they if they wish to exhibit good governance in their pension scheme.