Course Details

Pension Liability Management Training Course

Pension Liability Management Training: Strategies for Funding and Mitigating Risk

INTRODUCTION

Pension liability management is a critical aspect of pension plan administration, focusing on measuring, managing, and mitigating the financial obligations of a pension plan to its members. This Pension Liability Management training course provides a comprehensive understanding of the techniques and strategies used to manage pension liabilities, including actuarial valuations, funding policies, asset-liability matching, risk management, and communication with stakeholders. Participants will learn how to assess and control pension risk, ensure funding adequacy, and navigate the complex financial landscape of pension obligations. This essential financial and actuarial training is ideal for actuaries, pension plan administrators, financial professionals, and anyone involved in the management and oversight of pension plans. This course covers key areas like actuarial valuation, funding policies, asset-liability matching, and risk management, empowering you to become a knowledgeable and effective pension liability manager.

DURATION

5 days

TARGET AUDIENCE

This course is designed for a broad audience, including:

• Actuaries: Professionals responsible for performing pension plan valuations and liability calculations.
• Pension Plan Administrators: Individuals managing the day-to-day operations of pension plans.
• Finance Professionals: CFOs, controllers, and financial analysts involved in pension funding and risk management.
• Investment Professionals: Individuals managing pension fund assets.
• Anyone involved in pension plan management: Individuals wanting to gain a deep understanding of pension liability management.

COURSE OBJECTIVES

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

• Understand the nature and types of pension liabilities.
• Measure and project pension liabilities using actuarial methods.
• Develop and implement funding policies to ensure plan solvency.
• Manage asset-liability matching (ALM) to minimize risk.
• Assess and mitigate various pension risks (longevity risk, interest rate risk, market risk).
• Communicate effectively with stakeholders about pension liabilities and funding.
• Understand the regulatory requirements related to pension liability management.
• Implement best practices for pension liability management.

COURSE MODULES

• Introduction to Pension Liability Management:

• The importance of managing pension liabilities.
• Overview of different types of pension liabilities (e.g., accrued benefits, projected benefits).
• Key stakeholders in pension liability management.
• Legal and regulatory framework for pension funding.

• Actuarial Valuation and Liability Measurement:

• Understanding actuarial valuation methods and assumptions.
• Calculating pension liabilities using different actuarial cost methods.
• Projecting future pension liabilities.
• Analyzing the sensitivity of liabilities to changes in assumptions.

• Funding Policies and Strategies:

• Developing a funding policy that balances cost and risk.
• Minimum funding requirements and funding standards.
• Amortization of unfunded liabilities.
• Strategies for managing funding volatility.

• Asset-Liability Matching (ALM):

• The importance of aligning pension fund assets with liabilities.
• ALM techniques and strategies.
• Duration matching and other ALM approaches.
• Integrating ALM with investment management.

• Pension Risk Management:

• Identifying and measuring pension risks (longevity risk, interest rate risk, market risk, credit risk, operational risk).
• Strategies for mitigating pension risks (diversification, hedging, risk transfer).
• Stress testing and scenario analysis.
• Developing a risk management framework for pension liabilities.

• Communication and Stakeholder Management:

• Communicating effectively with plan members about pension benefits and funding.
• Engaging with plan sponsors and other stakeholders.
• Transparency and disclosure in pension liability management.
• Reporting on pension liabilities and funding status.

• Regulatory Compliance and Reporting:

• Understanding the regulatory requirements related to pension funding and liability management.
• Reporting requirements for pension plans.
• Compliance with ERISA and other relevant legislation.
• Audits and investigations related to pension liabilities.

• Emerging Trends in Pension Liability Management:

• Impact of demographic changes and longevity risk.
• The role of technology and data analytics in pension liability management.
• Innovative strategies for managing pension liabilities.
• The future of pension liability management.

 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