Course Details

Global Pension Systems & Trends Training: Understanding the Evolving Landscape of Retirement Income Security

INTRODUCTION

Pension systems around the world are facing unprecedented challenges due to demographic shifts, economic volatility, and evolving workforce dynamics. This Global Pension Systems & Trends training course provides a comprehensive overview of the diverse pension models in different countries, exploring their strengths, weaknesses, and the emerging trends shaping the future of retirement income security. Participants will learn about funded and unfunded systems, defined benefit and defined contribution plans, social security programs, and the impact of factors like aging populations, low interest rates, and technological advancements. This essential global benefits training is crucial for HR professionals, benefits administrators, actuaries, policymakers, and anyone interested in understanding the complex landscape of global pension systems. This course covers key areas like pension models, funding mechanisms, demographic challenges, and future trends, empowering you to become a knowledgeable contributor to the global retirement income security dialogue.

DURATION

5 days

TARGET AUDIENCE

This course is designed for a broad audience, including:

• Human Resources Professionals: HR managers, benefits administrators, and compensation specialists.
• Actuaries: Individuals responsible for pension plan valuations and calculations.
• Investment Professionals: Individuals managing pension funds and retirement portfolios.
• Policymakers: Individuals involved in designing and reforming pension systems.
• Anyone interested in global pension systems: Individuals wanting to gain a deep understanding of the diverse approaches to retirement income security.

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the different types of pension systems around the world.
• Analyze the strengths and weaknesses of various pension models.
• Evaluate the impact of demographic trends on pension systems.
• Assess the challenges posed by economic and financial factors.
• Identify emerging trends and innovations in retirement income security.
• Compare and contrast pension systems in different countries.
• Understand the role of government policies and regulations in shaping pension systems.
• Discuss the future of global pension systems and the challenges ahead.

COURSE MODULES

• Introduction to Global Pension Systems:

• The importance of retirement income security.
• Overview of different pension models (funded, unfunded, DB, DC, hybrid).
• The role of government, employers, and individuals in pension provision.
• Key terminology and concepts in global pension systems.

• Funded vs. Unfunded Pension Systems:

• How funded pension systems work and their advantages.
• The challenges of unfunded pension systems and their implications.
• Comparing and contrasting funded and unfunded approaches.
• Examples of funded and unfunded systems around the world.

• Defined Benefit (DB) vs. Defined Contribution (DC) Plans:

• How DB and DC plans work and their key features.
• The shift from DB to DC plans and its implications.
• Advantages and disadvantages of DB and DC approaches.
• Global trends in DB and DC plan prevalence.

• Social Security Programs:

• The role of social security in retirement income provision.
• How social security programs are funded and administered.
• Challenges facing social security systems in different countries.
• Reforms and adjustments to social security programs.

• Demographic Challenges and Aging Populations:

• The impact of declining birth rates and increasing longevity.
• The burden of aging populations on pension systems.
• Strategies for addressing demographic challenges in pension planning.
• Global perspectives on aging and retirement income security.

• Economic and Financial Factors:

• The impact of low interest rates and investment volatility.
• The role of inflation and economic growth in pension sustainability.
• The effects of globalization and labor market changes.
• Managing financial risks in pension systems.

• Emerging Trends and Innovations:

• The rise of hybrid pension plans and other innovative models.
• The role of technology and FinTech in pension administration.
• The growing importance of sustainable and ESG investing.
• The development of decumulation strategies and retirement income solutions.

• The Future of Global Pension Systems:

• Key challenges and opportunities facing pension systems worldwide.
• The role of international organizations and cooperation.
• The future of work and its impact on retirement income security.
• The evolving landscape of global pension systems and the need for reform.

 CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com