Pension Plan and Fund Administrator Online Training

  • Time

    10:00am - 3:00pm

  • End Date

    11 Apr, 2022 - 13 Apr, 2022

  • Price

    ₦175,000

Event Details

The key objective of this Certified Pension Plan and Fund Administrator training course is to empower professionals with

  • an in-depth understanding of pension and relevant pension plans and funds worldwide
  • thorough knowledge and experience of all core responsibilities of a pension plan and fund administrator
  • the required experience and knowledge to train other professionals on responsibilities and duties of pension plan and fund administrators
  • the necessary confidence and information to help one’s organisation stay ahead of the competition with trained administrators successfully taking care of clients’ needs
  • the knowledge and skill at par with a certified pension plan and fund administrator, thus inviting equal opportunities for career growth and progression
  • the skill and experience to foresee challenges and take necessary steps and important, timely decisions to avoid business loss or client dissatisfaction
  • the capabilities and confidence to place one’s organisation on a global platform and make a mark for the organisation, thereby fostering organisational growth and development
  • the knowledge and understanding to ensure continuous update of policies, procedures and databases as per required standards and changing market dynamics

 

CONTENT

Overview of Pension

  • Definition
  • Factors influencing calculation
    • Years of service
    • Age
    • Compensation
  • Broad categories of pension plans
    • Defined benefit plans
    • Defined contribution plans

 

Overview of Pension Funds

  • Basic structure
  • Regulations
  • Investment mandates
  • Investment styles

 

Core Tasks of a Plan Administrator

  • Enrolling employees in respective pension plans
  • Calculating plan beneficiary entitlement
  • Making scheduled payments to beneficiaries
  • Ensuring maintenance and provision of accurate plan data
  • Paying pension benefits to ex-spouses of beneficiaries
  • Fielding questions, concerns and complaints from beneficiaries

 

Features and Benefits of Pension Plans

  • Guaranteed pension/income
  • Tax efficiency
  • Liquidity
  • Vesting age
  • Accumulation duration
  • Payment period
  • Surrender value

 

Types of Pension Plans

  • Executive pension plan
  • Group/social pension plan
  • Master trust pension
  • Self-invested personal pension
  • Small, self-administered schemes
  • Stakeholder pension

 

Benefits of International Pension Plans (IPPs)

  • Unique and dependable backing
  • Freedom to invest
  • Tax-efficient planning opportunities
  • Asset protection

 

Important Features/Factors of Defined Benefit Pension Funds

  • Flat benefit formula
  • Career average formula
  • Final pay formula
  • Fully funded
  • Underfunded
  • Overfunded

 

Factors Influencing Pension Plan Investments

  • Knowledge of plans and schemes
  • Investment tradition
  • Self-incentives (defined benefit versus defined contribution)
  • Legal and regulatory factors
  • Global financial regulation
  • Risk mitigation tools
  • Income growth
  • Unemployment rate

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1ST BATCH: 11th – 13th April, 2022                                         

2ND BATCH: 15th – 17th Aug, 2022           

3RD BATCH: 5th – 7th Dec, 2022

Other Dates

Start Date End Date
29 Oct, 2019 01 Nov, 2019
Start Date End Date
07 May, 2019 10 May, 2019
Start Date End Date
11 Apr, 2022 13 Apr, 2022
Start Date End Date
15 Aug, 2022 17 Aug, 2022
Start Date End Date
05 Dec, 2022 07 Dec, 2022

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