Trustee training is becoming increasingly sophisticated and tailored to the specific needs of a given set of trustees. The Pensions Regulator sees training as an invaluable part of a scheme’s risk management framework. At bac we have a leading-edge approach to training that can be delivered using a variety of mediums. Our focus is on making training enjoyable and highly interactive.
We recently ran a day-long training session for the trustees of a FTSE 100 scheme which involved working through two different scenarios:
- a takeover of the sponsor by a private equity firm
- an approach from the sponsor to undertake a large buy-in.
The first scenario led to some detailed discussions on real and perceived conflicts, as well as a realisation that the covenant monitoring in place was not as strong as it should be.
Arising out of the second scenario, it was agreed that a sub-committee should be formed to look in detail at the quality of the scheme’s data and administration practices – just to ensure the scheme would be ready if that buy-in discussion ever did happen!
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We have a wide range of options to support your DC training needs, including online modules and face-to-face workshops
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