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Issue: September/November 09
Edutorials
Award winning Trustee Training with Investment Wise and Liberty CorporateAward winning Trustee Training with Investment Wise and Liberty CorporateTrustees have been under added pressure ever since changes in retirement fund legislation and practices have been enforced. With these added obligations, Trustees are now more so than ever before required to be vigilant and knowledgeable so that they are in a position to act in the best interests of the fund.  Left to Right Wanjiru Karrim (POA), Joanne Miller (Director – InvestmentWise) Alex Beveridge (Global Pensions Fund UK) Since January 1998 Pension Funds Adjudicators have highlighted the need for Trustees to be aware of their fiduciary duties to avoid liability in the event of maladministration of their funds. It is also common knowledge that PF 130 requires all boards of Trustees to put in place a documented code of conduct which outlines their duties and obligations, a fund-specific investment policy statement and a communication strategy to members. To support Trustees, who can only benefit from proper training, Liberty Corporate has engaged the services of InvestmentWise as their preferred training service provider. InvestmentWise, an INSETA accredited, independent body, was recently awarded the “Training Provider of the Year 2009” Imbasa Yegolide Award by the Principal Officers Association and Global Pensions UK (POA). This is further encouragement that Liberty Corporate and Trustees are guaranteed the highest standard of support and proficiency. The CourseOur Trustees take part in a three day comprehensive course which is aimed at both incumbent and aspirant trustees who require training in order to meet their fiduciary duties. The course is not intended to turn Trustees into retirement fund experts. It is designed to provide them with sufficient insight into their responsibilities and duties. With a maximum of 15 delegates per course we ensure that the sessions are manageable, interactive and meaningful to all concerned. The ContentSome of the topics that the course covers in detail relate to Group Retirement Funds – explaining what a Retirement Fund is and how the different types of funds work. Industry regulations and fund benefits are also highlighted in this section. Specific aspects of retirement fund law and practice are explained through case studies, which are designed to give the delegates a clear understanding of how the legal and technical aspects fit into the practical realities that Trustees are faced with. The role of Trustees is clarified and explained; the purpose for having Trustees, how they are elected and the responsibilities of being a Trustee. Good governance and ethical standards of practice form the basis of the Fund Governance education. RegistrationIf you and / or your fund’s Trustees are interested in attending the course, please contact Mary Hutchison (mary.hutchison@liberty.co.za). Mary will be happy to supply further details and a registration form. FeesR2 600 per delegate (excluding VAT) Training dates and venues for 2009:
Please Note: If you have a group of 10 or more trustees, training will take place at a venue close to your offices. The sessions start at 09h00 and end at 16h30 Unit Standard BasedThe course comprises three consecutive days (two days facilitation and one day for the assessment). This course is aligned with the following unit standards and provides learners with nationally recognised credits.
For queries regarding the course content contactMary Hutchison
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