We’re excited to introduce our LGPS Online Learning Academy! Our online platform is designed to support the training needs of Pension Committees, Pension Boards and Fund Officers, and will supplement training plans for all LGPS funds. 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 (England and Wales), 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.
If you have any questions about the online learning academy, please contact us here.
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.
How we can help
Our online training course 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
The Avon Pension Fund have recently signed up to the LOLA platform. Hymans made the sign up process for our 40 committee, pension board members and officers very straight forward.
The sessions are enjoyable to work through. It feels much more like a training session than the usual online learning, with a friendly face at Hymans running through the presentation slides. Plus if you miss anything the scripted version and helpful links to follow up reading are really useful. The added bonus is the reporting, so progress can be monitored for all your members with a click of a button.
Carolyn Morgan - Avon Pension Fund
What a great resource for both committee and board members, giving short, focussed training on key subjects and so fitting in with busy diaries.
I have found LOLA immensely helpful as there is easily accessible information on training undertaken which can be used as feedback or included in reports, which makes governance compliance easy.
Sally Fox - Oxfordshire County Council