Pragmatic Approach to Aviation Insurance Course

a comprehensive understanding of pension trustee schemes and plans requiring insurance cover
• the awareness, maturity and knowledge to understand insurance needs as well as liabilities for one’s pension schemes and to take calculated, well-thought decisions therein
• the ability to forecast issues and liability claims that could arise in future based on various scenarios and to set up control mechanisms and insurance programs
• the capability to provide immense value and knowledge to the organisation in choosing the right insurance for the right scheme, thereby helping one’s organisation secure itself against losses and demonstrating one’s potential to handle higher roles and responsibilities
• the confidence, experience and knowledge to train other professionals of trustee organisations on choosing the correct insurance programs
• a sense of satisfaction contributing to safeguarding organisational interests and funds against false allegations, thereby playing a major role in organisational development
• the required skill and capability to compete with certified pension trustees in the market
• the knowledge, experience and exposure to easily receive formal certifications in this space for oneself and/or one’s organisation
Course Content
Overview of Pension Funds
• Basic structure
• Regulations
• Investment mandates
• Investment styles
Pension Trustee Insurance
• Definition and objectives
• Advantages
• Challenges
Types of Trustees
• Individual trustees
• Corporate trustees
• Member-nominated trustees
• Employer-nominated trustees
• Professional trustees
• Chair of trustees
Fiduciary Duties of Pension Trustees
• Acting in line with trust deeds and rules
• Acting in the best interest of scheme beneficiaries
• Acting impartially
• Acting prudently, honestly and responsibly
Trustee Powers
• Accept scheme contributions
• Decide the investment strategy
• Amend scheme rules
• Admit members on special terms
• Increase member benefits
• Deal with a funding surplus
• Wind up a scheme
Factors/Claims Triggering Pension Trustee Liability Cover
• Breach of trust
• Breach of duty
• Breach of statutory provisions
• Maladministration
• Negligence
• Administration errors
• Wrongful omissions
• Misstatements/Misleading statements
Factors Influencing Choice of Insurance Provider
• Financial stability
• Reputation for paying claims
• Level and quality of service
• Scope/Coverage
Factors Influencing Pension Plan Investments
• Knowledge of plans and schemes
• Investment tradition
• Self-incentives (defined benefit versus defined contribution)
• Legal and regulatory factors
• Global financial regulation
• Risk mitigation tools
• Income growth
• Unemployment rate
Common Issues/Concerns of Pension Trustees
• Financial outcomes
• The expertise of support staff
• Value for money

METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 25th – 28th Mar,2025
2ND BATCH: 29th July – 1st Aug,2025
3RD BATCH: 25th- 28th Nov,2025