In preparation for local elections, we’re excited to introduce our LGPS Online Learning Academy for committee and board members, and officers too. The learning plan consists of a series of short video presentations with supplemental learning materials and quizzes.
There is a growing need for LGPS funds to demonstrate that their committees and board members have an adequate level of knowledge to carry out their roles effectively. With the upcoming introduction of a refreshed CIPFA Knowledge & Skills Framework, the Scheme Advisory Board’s Good Governance project, MiFID II and increasing scrutiny from The Pensions Regulator, the expectation on funds has never been greater.
We recognise this is a challenge - it’s difficult to cover the extensive training requirements at quarterly meetings; meanwhile elected members have limited time to dedicate to long training sessions outside of these meetings. That’s why we’ve developed an online course to make it easier for your members to obtain the knowledge they require, in a more efficient and engaging way.
How we can help
Our online training course for committee and board members covers all the key areas that members need to understand in order to successfully manage the running of a fund, including:
An introduction to LGPS oversight bodies, governance, legislation and guidance
LGPS administration, including policies and procedures, pension fund auditing
LGPS valuations, funding strategy and LGPS employers
Investment strategy, pooling and responsible investment
Performance monitoring and procurement
Current issues in the LGPS
By going online, members can go at their own pace. Each module is broken down into 10 – 20 minute videos with extra learning materials. Funds will receive regular progress reports, allowing them to easily evidence their members’ knowledge and skills. Added to this – it’s much more cost effective than delivering training in person and reduces the need for officers to create training materials.