Pension Scheme and Administration

Day 1: Foundations of Pension Schemes and Administration

• Purpose and importance of pension schemes
• Pension administration roles and core responsibilities
• Main pension scheme types and structures
• Defined benefit and defined contribution arrangements
• Occupational pension schemes overview
• Pension administration lifecycle
• Regulatory environment and governance principles

Day 2: Pension Scheme Operations and Compliance

• Understanding scheme rules and contribution models
• Benefit entitlements and member rights
• Membership eligibility and automatic enrolment processes
• Documentation and recordkeeping standards
• Maintaining accurate data and resolving discrepancies
• Annual reporting duties and regulatory compliance obligations

Day 3: Benefits Management and Payment Processing

• Pension benefit calculations and payment methods
• Transfer in and transfer out procedures
• Updating member records after life events
• Pre-retirement checks and entitlement verification
• Managing changes in benefits and scheme adjustments
• Regulatory implications of payment decisions

Day 4: Records Management, Governance, and Pensioner Payroll

• Best practices in pension records management
• Electronic records systems and data protection rules
• Retention, storage, and secure disposal of records
• Pensioner payroll processing and recurring payments
• Internal controls for payment accuracy
• Risk management in pension administration

Day 5: Strategic Pension Administration and Retirement Planning

• Strategic goals of effective pension administration
• Pension funding and investment oversight basics
• Governance frameworks and audit practices
• Communicating effectively with members and stakeholders
• Emerging trends in pensions and legislative updates
• Final review and practical action planning