Course Details

Pension Plan Risk Management Fundamentals Training Course

INTRODUCTION

The management of pension plans involves a complex mix of regulatory requirements, financial risk, and strategic planning. The Pension Plan Risk Management Fundamentals Training Course provides essential knowledge for professionals managing pension funds and retirement plans, focusing on identifying, assessing, and mitigating risks. This course covers the fundamentals of pension risk management, investment strategies, actuarial principles, and regulatory compliance, empowering participants to make informed, strategic decisions to ensure the financial stability of pension plans.

DURATION

5 days

TARGET AUDIENCE

This course is ideal for professionals involved in managing, assessing, or overseeing pension plans, including:

• Pension Fund Managers and Trustees
• Risk Management and Compliance Professionals
• Actuaries and Financial Analysts
• HR Professionals and Corporate Benefits Managers
• Investment Managers and Portfolio Analysts
• Public Sector Pension Administrators
• Early-Career Finance and Risk Management Professionals

 OBJECTIVES

By the end of this course, participants will be able to:

• Understand Pension Plan Structures and Risk Factors: Grasp the fundamental structure of pension plans and the unique risks they face, including longevity, market, and regulatory risks.
• Analyze Financial and Actuarial Risks: Apply actuarial principles to evaluate funding levels, asset-liability matching, and long-term sustainability of pension plans.
• Implement Effective Investment Strategies: Develop and apply investment strategies that balance growth potential with risk exposure appropriate for pension funds.
• Comply with Regulatory Requirements: Understand the legal and regulatory framework governing pension funds, including ERISA, fiduciary responsibilities, and other pension laws.
• Use Risk Management Tools and Techniques: Learn to apply practical risk assessment tools to monitor and mitigate potential threats to pension fund performance.
• Develop a Risk Management Framework: Design a comprehensive risk management strategy to enhance the financial health and security of the pension plan.

 COURSE CONTENT

Module 1: Introduction to Pension Plan Structures and Risk Management Basics

• Overview of pension types: defined benefit, defined contribution, hybrid plans
• Key components of pension risk management
• Understanding fiduciary responsibilities and stakeholder interests

Module 2: Identifying and Understanding Pension Risks

• Overview of primary pension risks: longevity, market, inflation, interest rate
• Demographic and financial risks impacting pension plans
• Assessing the impact of economic trends on pension funds

Module 3: Actuarial and Funding Risk Analysis

• Basics of actuarial analysis and pension fund liabilities
• Techniques for calculating funding ratios and determining funding adequacy
• Impact of actuarial assumptions on pension fund sustainability

Module 4: Investment Strategies and Asset Allocation for Pension Plans

• Fundamentals of asset allocation and portfolio diversification
• Balancing risk and return: defensive and growth-oriented investment strategies
• Matching assets and liabilities (ALM) for long-term pension plan health

Module 5: Regulatory Compliance and Legal Requirements

• Overview of pension regulations (e.g., ERISA, PBGC requirements)
• Fiduciary standards and ethical considerations in pension management
• Reporting and disclosure requirements for pension plans

Module 6: Risk Management Tools and Techniques

• Practical tools for monitoring, analyzing, and reporting pension risks
• Techniques for stress testing, scenario analysis, and sensitivity analysis
• Applying risk management frameworks for ongoing monitoring

Module 7: Developing and Implementing a Risk Management Strategy

• Designing a comprehensive pension risk management framework
• Creating policies and procedures for effective risk oversight
• Establishing a governance structure for continuous risk assessment

Module 8: Case Studies and Best Practices in Pension Plan Risk Management

• Real-world case studies of pension risk challenges and solutions
• Insights into best practices for managing pension risk
• Interactive group exercises to apply course concepts in real scenarios

 CERTIFICATION

Upon successful completion of this training, participants will be issued with a 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