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Managing Pension and Retirement Funds Effectively

The coronavirus (COVID-19) pandemic is placing the funding, investment and covenant position of benefit pension schemes under huge pressure. Investment volatility and a sharp increase in deficits have coincided with the severe financial pressure the crisis is placing on many scheme sponsors across many companies and sectors. Revenues have declined very rapidly given a collapse in trading volumes and in many cases forced the suspension of business operations.

For many scheme trustees and their sponsors, the need to ensure the continued viability of the business in the short term, and how to reconcile this with ongoing pension scheme funding commitments, will now be a critical issue. In many cases, this is affecting all other stakeholders and creditors: employees are being retrenched. Creditors and landlords are accepting deferrals or reductions in payments, and companies are looking to lenders and the Government for additional credit or waivers for breaches of banking covenants. Pension schemes cannot be exempt from this, as their funding commitments represent significant demands on cash that many companies cannot meet at present. However, given the complexity of issues faced by pension schemes and the duties to which scheme trustees are subject, the pension scheme funding system does not easily adapt to a crisis of this speed and depth

  • Addressing the Challenges facing the Pension Fund Industry
  • Applying De-risking Strategies for your pension fund
  • Understanding Corporate Governance and it’s important to pension fund industry?
  • Surplus legislation, its impact and its Implications
  • Trustee forum: what do current market conditions mean for you as a fiduciary?
  • Addressing Trustees key duties and powers as prescribed by the Fund Rules, regulations and legislation
  • Monitoring and evaluation of pension funds: reviewing the Service Legal Agreement (SLAs)
  • How surplus returns should affect Employee Benefit Plans
  • Innovation in the pension and retirement fund Industry
  • Trustees and Fund Managers
  • Fund Administrators
  • Employer and Worker Representatives
  • Human Resource Directors and Managers
  • Employee Benefits Directors and Managers
  • Benefit Administrators
  • Portfolio Managers
  • Pension Fund Risk Managers

This course is rated at an NQF level 6. Five (5) credits towards a Diploma in Management. A Competency certificate can be earned, subject to successful completion of the assessment in the specified period stipulated at the event. If a participant chooses not to complete the assessment he/she will receive a certificate of attendance only.

Our Accreditation Partner

In terms of the Higher Education Act, all courses and programmes offered by Business Schools resort under the Council on Higher Education’s Quality Committee (CHE QC) for assessment and quality-assurance purposes. All courses offered by Southern Business School are registered through the prescribed higher education processes and are subject to internal quality assurance processes as far as moderation, assessment and accreditation are concerned. When short courses are aligned to modules of formal academic programmes of Southern Business School, or SAQA Registered Unit standards, they are credit-bearing short courses. This status is also described in the Criterion Guideline document for Short Courses” from SAQA

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Date

Feb 08 2021 - Feb 12 2021

Time

All Day

Local Time

  • Timezone: America/New_York
  • Date: Feb 08 2021 - Feb 12 2021
  • Time: All Day
Premier Hotel O.R. Tambo

Location

Premier Hotel O.R. Tambo
73 Gladiator Street, Kempton Park Gauteng
Category

Speakers

  • Japie Benade
    Japie Benade
    BA, BA Hons, Masters in Administration, Diploma in Financial Planning

    Johan was with Spoornet for over 17 years, where he occupied various management positions up to the level of an Executive Manager HR, overseeing Recruitment and Selection, Labour Relations, Professional Services, EAP and HR Operations in the Line Departments. He built on his experience at Spoornet and is currently in the skills development area, where he lecturers at several educational and training institutions in South Africa. His focus areas are: Taxation, Financial Planning, Economics, Financial Management, Accounting (Both in the Public Service and Private Sector), Cost Management, Business Ethics, Corporate Strategy and Strategic Management. As a Lecturer he has presented a number of training programs at Regional and Local Government. Which include Public Financial Management and Budgeting, Finance and Reporting, Asset Management, Policy Development and Analysis, Advanced SCM and Procurement in the Public Sector, Performance and Risk based Auditing amongst others.

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