fbpx
+27(0)11 234 0884
info@stratagemtraining.co.za

Finance for Trustees Synopsis

MAJOR OBJECTIVE
To provide trustees of retirement funds with the knolwedge and skills to participate effectively from a financial point of view in their roles as trustees.
 
COURSE CONTENT
Module A: Introduction to the Workings of a Retirement Fund
The basic workings of a fund
Types of retirement fund
Module B: Fund performance measures
Fund growth
Fund liquidity
Module C: Statement of changes in Net Assets and Funds
A note on SA GAAP
Format of the Statement of Changes in Net Assets and Funds
Fund income
Fair Value adjustments
Fund Expenses, transfers and benefits
Module D: Statement of Net Assets and Funds
Funding and Liabilities
Assets investments and liquidity
Members’ funds
Module E: Focus on the Fund
Application of learning to the specific fund
Trustees checklist
 
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 trustees 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.
 
COURSE 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.