Stratagem Training » Finance for Trustees

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.