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 to the Trustee toolkit. If you are a new user, you will have to sign up.
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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 learning is tailored to your own scheme type and size, and there are downloadable resources meaning that you can study offline.
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.
These are all available as downloadable resources – there are nearly 200 of them in total for you to use in variety of ways.
Each module also features an online assessment and you must pass the assessments for all of the essential learning modules to receive the Certificate of completion. You must login to the Trustee toolkit. If you are a new user, you will have to sign up.
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 get your Certificate of completion 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 is like to become a trustee and attend meetings of the board||2||All schemes|
|Pensions law||Occupational pension legislation and other legislation that affects the running of pension schemes||2||All schemes|
|The 4 major asset classes||The basic characteristics of the four main asset classes: cash, bond, property, equities||1.5||All schemes|
|Running your scheme||Best practices involved in running a pension scheme||1||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||Contribution structures, investment options, impact of the tax regime and risks in pension funding||2||DC only, DB with AVC and Hybrid|
|Fund management||Tactical investment and the role of the fund manager||1.5||Hybrid and all large schemes|
|Strategic investment||The risk / return profile of your portfolio, appetite for risk and investing in alternative asset classes in that context||2||Hybrid and all large schemes|
The Trustee toolkit index provides a list of all scope items from the guidance mapped to the relevant modules in the toolkit.
Toolkit study planners
All the modules can be broken down into bite-sized chunks to fit in around your schedule. To see an example of how this is done please select the relevant sample study planner below
Please note: a large scheme has 100 members or more and a small scheme has less than 100 members.
Study planner Small defined benefit (DB) only schemes (PDF, 40kb)
12 hours (average study time)
Study planner Large defined benefit (DB) only schemes (PDF, 74kb)
15.5 hours (average study time)
Study planner Small defined benefit (DB) with additional voluntary contributions (AVC) schemes (PDF, 74kb)
14 hours (average study time)
Study planner Large defined benefit (DB) with additional voluntary contributions (AVC) schemes (PDF, 74kb)
17.5 hours (average study time)
Study planner Large defined contributions (DC) only schemes (PDF, 75kb)
13 hours (average study time)
Study planner Small defined contributions (DC) only schemes (PDF, 75kb)
9.5 hours (average study time)
Study planner Hybrid (a combination of DB and DC) schemes (PDF, 74kb)
17.5 hours (average study time)