The Pensions Regulator has created a new module with a free e-learning programme and virtual trustee tool for pension scheme trustees.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 scenarios are based on real-life examples which trustees may come across. The four major asset cla- sses module allows trustees to decide to set up an investment sub-committee in which the learner becomes a member. It covers the absolute fund-amentals about each of the four major asset classes, about capital markets and econ-omic cycles, valuations and measuring performance and about risk and reward in relation to each of the four asset classes. There is also a tutorial about with-profits policies and case examples. There will be a module on specialised assets and investment techniques at the end of the e-learning programme. The programme was developed 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. Head of regulated community learning April Alexander says: “This module gives an introduction to investment and will be of interest to trustees of both defined-benefit and defined-contribution schemes. The objective is to give trustees a grounding in the subject for forthcoming modules on funding a DB scheme and the design and management of a DC scheme and on fund management, which applies to both types of scheme.”
Britannia Building Society has taken decisive action with its interest only mortgage customers in a bid to prevent what it sees as a potential time-bomb from going off.The building society has decided to scrap charges and overhaul its communication practices for customers holding interest only mortgages.Britannia has admitted that warnings about setting up appropriate payment […]
Principals of IFA firms are overwhelmingly confident about their businesses for the next one, three and five years, according to research conducted by threesixty among its 350 members.
What are the prospects for Aim after two bumper years for VCTs?
Scottish Widows Investment Partnership
Swip Absolute Return Macro Fund
A product designed to bring some unique attributes to the crowded absolute return global macro space With diversification and risk management top of investors’ wish lists when it comes to alternatives, step forward the H2O MultiReturns Fund. H2O Asset Management is an independent boutique backed by Natixis Global Asset Management and has a 14-year track […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology