Purpose:

To highlight key aspects of trustee administration and practice

Audience:

Individuals who are already familiar with the basic principles of trusteeship in a workplace pension scheme. Ideal for trustees who have completed an “Introduction to trusteeship”

This 1 day workshop tests the theory behind pension scheme trusteeship. In an environment where decision making can be reviewed workshop facilitators demonstrate how trustee responsibility governs trustee practice. Using practical examples and case studies why not take this opportunity to share your experiences with other trustees and learn how to implement good trustee practice.   

After this workshop attendees will be able to

• Differentiate between duties and discretions in their scheme’s Trust Deed and Rules.
• Recognise what the law expects of trustees when taking decisions and, separately, exercising discretions.
• Implement key principles of trustee delegation both in relation to their own trustee decisions (e.g. delegation to committees) and when delegating to external professional advisers.
• Identify key principles relating to trustee liability and the appointment of third parties. 
• Recognise the main areas to focus on when putting in place legal documentation for the appointment of advisers.     
• Identify pitfalls which may occur in scheme member communications.
• Demonstrate an awareness of why it is important to build a good relationship with the sponsoring employer.
• Identify what is meant by a conflict of interest and suggest ways that conflicts could be managed.
• Select items trustees should include when drafting a policy to deal with conflicts of interest.

Other training: