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 […]
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Scottish Widows Investment Partnership
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
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