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Trustee toolkit online learning

Go to the Trustee toolkit We provide a free online learning programme called the Trustee toolkit which you should complete, unless you arrange the equivalent learning. You must login or sign up to use the Trustee toolkit.

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Toolkit programme

The programme is split into separate modules designed to enable you to dip in and out of the content, and learn at your own pace. The essential learning is tailored to your own scheme type and size, and there are downloadable resources meaning that you can study offline. There are also optional additional learning modules to expand your knowledge and understanding.

Each module follows a fictional trustee board through various scenarios as they make decisions regarding the day-to-day running of their scheme.

To help you complete the scenarios each module contains:

  • Tutorials to provide you with the technical background.
  • Case examples to bring the tutorials to life.
  • Check your scheme worksheets to help you apply the learning to your own scheme.

Toolkit modules

The core modules cover each of the items listed in our trustee knowledge and understanding guidance.

You only need to pass the modules that are relevant for your size and type of scheme to complete the essential learning section of your development record and you can study whenever it suits you.

Module What the module covers: Study time in hours Schemes the module is relevant to
Introducing pension schemes Occupational pensions and how they are run 1 All schemes
The trustee's role What it's like to become a trustee, attending board meetings, duties, powers and protections 1 All schemes
Running a scheme Risk management, maintaining member data and working with advisers and service providers 1 All schemes 
Pensions law Pensions related legislation, The Pensions Regulator, the tax treatment of pensions, state pensions and member dispute procedures 1 All schemes
An introduction to investment Investing in a pension scheme, types of assets, risk, reward, economic cycles, active and passive management, diversification and managing investments 2 All schemes
How a DB scheme works Benefits accrual and calculation, the employer covenant and recognising when an employer's ability to meet pension liabilities may be at risk 1.5 DB only, DB with AVC and Hybrid
Funding your DB scheme Various assumptions used to measure the funding position of a scheme and the different measures used to determine the funding level of schemes 1.5 DB only, DB with AVC and Hybrid
DB recovery plans, contributions and funding principles Setting contributions and producing a recovery plan and statement of funding principles 1.5 DB only, DB with AVC and Hybrid
How a DC scheme works (2014) Risks to good member outcomes, contributions, transactions, value for money and charges, retirement decisions and member communications 1.5 DC only, DB with AVC and Hybrid
Investment in a DC scheme Setting the investment strategy, selecting a default investment strategy and alternative options for members, charges and managing performance 1.5 DC only, DB with AVC and Hybrid

Proving your achievements

The Trustee toolkit enables trustees to print or save a development record which proves their achievements and acts as a proof of their progress through the toolkit. In February 2014 this replaced the ‘certificate of successful completion’ described in the Trustee knowledge and understanding code of practice.

Each module also features an online assessment and for each one you pass your development record will be updated with your score. The development record can be downloaded at any time and as new modules are added you will be able to pass these and add them to your record too.

Assessing your learning needs

The Trustee toolkit has the following range of resources to help you review your knowledge and understanding, the tasks you need to do and the skills you need to develop:

  • quick guide to personal development
  • assess your learning needs tool
  • learning log tool
  • study planner tool.

To view the resouces go to Trustee toolkit downloadable resources

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