MAJOR OBJECTIVE
To provide trustees of retirement funds with the knowledge and skills to participate effectively from a financial point of view in their roles as trustees.
TRAINING METHODOLOGY
A detailed workbook containing theory as well as practical case study material. Discussion exercises in small groups facilitate transfer of learning into the real-life situation.
WHEN TO DO THE TRAINING
Best before a trustee’s meeting so that immediately after the training, the practical application is experienced. Delegates are prepared using the previous financial period’s results as a template.
DURATION:
Course duration is one day, presented in-company.
FOR WHOM INTENDED
Trustees of retirement or medical funds who may not have a financial background but nevertheless carry the responsibility and accountability vested in a trustee.
Section 1Introduction to the Workings of a Retirement Fund
Lecture 1The basic workings of a fund
Lecture 2Types of retirement fund
Section 2Fund performance measures
Lecture 3Fund growth
Lecture 4Fund liquidity
Section 3Statement of changes in Net Assets and Funds
Lecture 5A note on SA GAAP
Lecture 6Format of the Statement of Changes in Net Assets and Funds
Lecture 7Fund Income
Lecture 8Fair Value adjustments
Lecture 9Fund Expenses, transfers and benefits
Section 4Statement of Net Assets and Funds
Lecture 10Funding and Liabilities
Lecture 11Assets investments and liquidity
Lecture 12Members’ funds
Section 5Focus on the Fund
Lecture 13Application of learning to the specific fund
Lecture 14Trustees checklist