Effective Trusteeship, Leadership And Ethics Management In Pension Schemes
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Effective Trusteeship, Leadership And Ethics Management In Pension Schemes
Overview
Effective trusteeship, leadership, and ethics management are essential elements in the governance of pension schemes. As custodians of retirement funds, trustees have a fiduciary duty to act in the best interests of beneficiaries. This responsibility demands a comprehensive understanding of financial management, regulatory compliance, and ethical standards. Strong leadership cultivates a culture of accountability and transparency, while ethical management guarantees that decisions are made with integrity and fairness.
In Kenya, the pension industry has seen substantial growth, with total pension assets reaching approximately KES 1.2 trillion (about USD 10.5 billion) by 2023. This significant asset base, which represents around 13% of Kenya's GDP, necessitates a strategic approach to entering and exiting investment positions. Effective decision-making and a thorough understanding of market opportunities, fund performance analysis, and attribution are crucial for ensuring that pension schemes remain on course to meet their long-term liabilities. Additionally, the industry has experienced a 12% annual growth rate in assets over the past five years, highlighting the importance of evaluating fund manager performance effectively.
Trustees must navigate these complexities with diligence to safeguard the financial future of beneficiaries while adhering to the highest standards of governance and ethics.
Key thematic areas of discussion will include:
- Understanding and fulfilling fiduciary responsibilities to protect beneficiaries' interests.
- Staying up to date on legal and regulatory developments affecting pension schemes.
- Identifying, assessing, and mitigating risks associated with pension fund investments.
- Crafting investment strategies aligned with scheme objectives and risk appetite.
- Promoting ethical considerations in all decision-making processes.
- Building trust and collaboration among stakeholders.
- Promoting diversity and inclusion within the governance structure of pension schemes.
- Establishing policies to identify and manage conflicts of interest effectively.
- Fostering a culture of continuous improvement in governance practices and ethical standards.
- Implementing metrics to evaluate the performance of the pension fund and its management.
- Developing effective communication skills that acknowledge and integrate diverse perspectives.
- Board Leadership, Ethics and Change Management
Who Should Attend?
- Pension Scheme Trustees
- Board Members of Pension Funds and Retirement Schemes
- Pension scheme Chairpersons
- Trust Secretaries
- Pension fund administrators involved in governance and compliance.
- Professionals involved in Pension Scheme Governance
Investment
The registration fee for the workshop is Ksh.75,000 per participant. This fee covers facilitation, certificate, training materials, as well as tea/coffee and lunch during the training sessions. Please note that the fee does not include VAT, transport, and accommodation, which will be the responsibility of the participants.
Payment Options
To secure your participation, kindly register with us and make payment in advance using one of the following payment options:
- Cheques payable to Finnet Institute Limited.
- Bank Deposit: A/c No:0100009611708, Stanbic Bank Kenya
For More Information
Should you require any further details or have any inquiries about the workshop, please do not hesitate to reach us via email at institute@finnettrust.com, or by phone at +254 719 560 656 or +254 740 257 777.