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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.

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 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.

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 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
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
Running your scheme Best practices involved in running a pension scheme 1 All schemes

The Trustee toolkit index provides a list of all scope items from the guidance mapped to the relevant modules in the toolkit.

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