Pensions and Retirement Training Course on Pension Guarantees and Insurance Solutions
Master Pensions Retirement Training with expert training. 10 Days course with certification. Comprehensive training program. Online & in-person. Enroll now!
Pensions And Retirement Courses10 DaysCertificate Included
Duration
10 Days
Mode
Online & Physical
Certificate
Included
Language
English
Course Overview
This course equips participants with comprehensive knowledge of pension guarantees and insurance-based solutions for managing pension risks. It covers financial, actuarial, regulatory, and strategic aspects of providing guarantees, using insurance products, and mitigating funding and longevity risks for both Defined Benefit (DB) and Defined Contribution (DC) plans.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of the course, participants will be able to:
Understand the principles and types of pension guarantees.
Evaluate insurance solutions for transferring pension risks.
Assess financial and actuarial implications of guarantees and insurance products.
Integrate guarantees and insurance solutions into funding and risk management strategies.
Conduct due diligence on insurance providers and pension guarantee arrangements.
Ensure compliance with regulatory, accounting, and fiduciary requirements.
Communicate guarantees and insurance solutions effectively to stakeholders.
Course Content
Module 1: Introduction to Pension Guarantees and Insurance Solutions Definition and purpose of pension guarantees Overview of insurance solutions in pension risk management Types of guarantees (minimum return guarantees, benefit guarantees, government-backed schemes) Case study: Importance of pension guarantees in plan sustainability Discussion: Key challenges in implementing guarantees and insurance solutions Module 2: Legal and Regulatory Framework Regulatory requirements for pension guarantees and insurance arrangements Fiduciary responsibilities of trustees and plan sponsors Licensing and oversight of insurance providers Compliance with accounting standards (IFRS, IPSAS, local regulations) Exercise: Mapping regulatory obligations for pension guarantees Case study: Lessons from regulatory breaches Module 3: Actuarial Principles for Guarantees Actuarial assumptions for valuing guarantees (mortality, longevity, interest rates, inflation) Calculating guarantee liabilities for DB and DC plans Sensitivity analysis for guarantee assumptions Practical exercise: Valuing pension guarantees for a sample plan Discussion: Best practices in actuarial assessment of guarantees Module 4: Insurance Solutions for Pension Plans Types of insurance products: annuities, buy-ins, buyouts, stop-loss insurance Risk transfer mechanisms and benefits Comparing internal funding versus insurance solutions Exercise: Evaluating insurance options for a hypothetical pension plan Case study: Successful pension buyouts and risk transfer implementations Module 5: Funding and Risk Management with Guarantees Integrating guarantees into funding strategies Assessing solvency and reserve requirements under guaranteed plans Stress testing and scenario analysis of guaranteed plans Workshop: Designing funding strategies incorporating guarantees Case study: Managing funded status under minimum benefit guarantees Module 6: Accounting and Financial Reporting Accounting treatments for guaranteed benefits and insurance arrangements Recognition, measurement, and disclosure under IFRS and IPSAS Reporting obligations to trustees, regulators, and auditors Practical exercise: Preparing accounting entries and financial statements Discussion: Transparency and clarity in reporting guarantees Module 7: Communication and Stakeholder Engagement Explaining guarantees and insurance solutions to members and trustees Developing communication strategies for plan participants Visualizing risk and guarantee implications Group exercise: Drafting communication materials for stakeholders Case study: Effective member engagement during risk transfer and guarantee implementation Module 8: Due Diligence and Selection of Insurance Providers Assessing financial strength and reliability of insurance companies Evaluating terms and conditions of pension insurance contracts Legal and actuarial considerations in selecting providers Exercise: Conducting due diligence on insurance providers for a sample plan Discussion: Mitigating counterparty risk in insurance arrangements Module 9: Monitoring and Managing Guarantees Ongoing assessment of guarantee liabilities Adjusting contributions and funding strategies for changing risks Periodic review of insurance contracts and regulatory compliance Workshop: Developing a monitoring framework for guaranteed plans Case study: Long-term management of guaranteed pension obligations Module 10: Case Studies and Practical Applications Review of real-world pension guarantee and insurance solutions Group simulation: Designing and implementing a guaranteed plan with insurance solutions Lessons learned and best practices in risk transfer and guarantee management Developing actionable recommendations for sustainable plan design Final discussion, review, and certification
