Pension Scheme and Administration

Course overview

Course outline

1. 1Day 1: Foundations of Pension Schemes and Administration

   • Purpose and importance of pension schemes
   • Pension administration roles and core responsibilities
   • Main pension scheme types and structures
   • Defined benefit and defined contribution arrangements
   • Occupational pension schemes overview
   • Pension administration lifecycle
   • Regulatory environment and governance principles
2. 2Day 2: Pension Scheme Operations and Compliance

   • Understanding scheme rules and contribution models
   • Benefit entitlements and member rights
   • Membership eligibility and automatic enrolment processes
   • Documentation and recordkeeping standards
   • Maintaining accurate data and resolving discrepancies
   • Annual reporting duties and regulatory compliance obligations
3. 3Day 3: Benefits Management and Payment Processing

   • Pension benefit calculations and payment methods
   • Transfer in and transfer out procedures
   • Updating member records after life events
   • Pre-retirement checks and entitlement verification
   • Managing changes in benefits and scheme adjustments
   • Regulatory implications of payment decisions
4. 4Day 4: Records Management, Governance, and Pensioner Payroll

   • Best practices in pension records management
   • Electronic records systems and data protection rules
   • Retention, storage, and secure disposal of records
   • Pensioner payroll processing and recurring payments
   • Internal controls for payment accuracy
   • Risk management in pension administration
5. 5Day 5: Strategic Pension Administration and Retirement Planning

   • Strategic goals of effective pension administration
   • Pension funding and investment oversight basics
   • Governance frameworks and audit practices
   • Communicating effectively with members and stakeholders
   • Emerging trends in pensions and legislative updates
   • Final review and practical action planning