IRELAND - The Irish Association of Pension Funds (IAPF) has launched a new certificate for trustee training.
The Certificate of Pension Scheme Trustee Training will be awarded to trustees who successfully complete a special IAPF training course, the association said.
“The new certificate results from the desire of trustees to do their job better and keep on top of the latest developments in an increasingly complex pensions world,” said Gerry Ryan, IAPF chair.
The issue of adequate training and expectations of trustees was a hot topic at the recent IAPF pensions and investing conference in Dublin.
Areas covered in the certificate include trustee governance, legal issues, administration and management, Pensions Board/regulations, investment and actuarial issues.
“Each unit of the programme was developed for the IAPF Trustee Forum by leading organisations in the industry including Association of Pensions Lawyers, Irish Institute of Pensions Managers, The Pensions Board, Irish Association of Investment Managers, Society of Actuaries in Ireland, the Retirement Planning Council of Ireland and IAPF,” the association said.
Established in 1973, the IAPF is a non-profit organisation whose members provide retirement security to more than 200,000 employees, pay pensions to nearly 70,000 retirees and is responsible for more than e50bn in retirement savings.
The first course “Trustee Essentials” will take place on November 25 and costs e400.
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