Pension Fund Risk Management
and Risk Associated with Pension Schemes.
January 2023
Sandton Johannesburg South Africa
Register Now! Limited Seats Available!
R19, 999.00 Per delegate
Course overview:
Risk management frameworks for organisations are influenced by the actions of the organisations’ board of directors, senior management, employees, etc.
Effective pension fund risk management provides management with clarity and security in operation and management of the pension fund, beneficiaries with transparency and integrity in the fund scheme and the risk management of it, etc. Thus, successful pension schemes are those with processes and systems to efficiently identify, assess, control and mitigate risks.
Course Objectives:
- detailed knowledge and information regarding pension and relevant pension plans and funds worldwide
- a comprehensive understanding of various methods for pension fund risk management
- an enhanced perspective and greater maturity to analyse situations and circumstances and predict future risks to be able to set controls in place in the present day
- the required confidence and knowledge to coach other professionals on pension fund risk management
- the ability and experience to regularly audit existing processes and systems of one’s organisation to stay updated with the newest methods and concepts related to pension fund risk management for one’s organisation
- the overall skill set and capabilities to oversee end-to-end pension fund risk management, thereby helping one’s organisation stay relevant and conduct effective risk assessments for greater success, in turn, building trust in one’s capabilities and potential to grow to higher positions within the organisation
- the necessary exposure to global practices and standards to be able to compete with fellow professionals at a global level, thus securing one’s future as a professional in pension fund risk management
- adequate analytical skills to accurately assess all data points before drawing conclusions in building a framework or managing risks for the fund
- the overall ability and potential to contribute to organisational success through effective and successful management of pension funds and pension fund risks
Targeted Audience:
- Senior management of organisations involved in offering pension schemes and plans
- Professionals managing pension fund risks for organisations
- Other pension scheme providers who need to stay relevant in a competitive industry
- Human resource professionals managing employee pensions and benefits
- Legal advisors responsible for ensuring security to organisations against liabilities arising from pension funds
- Other professionals in an organisation dealing with employee benefits
- Any other professional interested in understanding pension scheme risks and pension fund risk management in detail
Course Outline:
Types of Pension Designs
- Defined benefit arrangements
- Defined contribution arrangements
- Hybrids
Types of Pension Plans
- Executive pension plans
- Group personal pension
- Master trust pension
- Self-invested personal pension
- Small self-administered schemes
- Stakeholder pension
Common Pension Risk Factors
- Investment or market risks
- Counter-party default risks/credit risks
- Funding and solvency risks
- Liquidity risks
- Asset—Liability mismatch risks
- Actuarial risks
- Governance and agency risks
- Operational and outsourcing risks
- External and strategic risks
- Legal and regulatory risks
- Integrity risks
Benefits of Enterprise Risk Management
- Shareholder perspective
- Regulator perspective
- Beneficiary perspective
Core Aspects Associated with Pension Risk Management
- Plan design
- Funding strategies
- Investment strategies
- Risk transfers
Steps in the Risk-Based Supervision Process
- Risk focus
- Risk factors
- Risk indicators
- Risk mitigants
- Risk weightings
- Probability
- Impact
Four Broad Categories of Risk Management Frameworks
- Management oversight and culture
- Strategy and risk assessment
- Control systems
- Information, reporting and communication
Components/Phases of a Pension Risk Management Strategy Framework
- Corporate objective definition
- Potential strategy analysis
- Scoring and implementation
- Monitoring and refining
Elements of a Comprehensive Investment Policy
- Investment objectives
- Asset allocation
- Diversification
- Liquidity need
- Foreign exchange exposure
- Valuation methodology
- Use and monitoring of derivatives
- Asset—Liability matching targets
- Performance measurement, monitoring and benchmarking
- Control procedures (risk tolerances/risk monitoring procedures)
- Reporting format and frequency
- Investment in alternative assets
- Leverage of funds
End of the workshop
IN HOUSE AND ONLINE TRAINING
While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.
For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com
