The Authority encourages trustees to take advantage of opportunities to enhance and develop their knowledge and understanding of pensions in the interests of the members whom they serve.
Trustees are required to receive training within six months of their appointment and at least every two years thereafter. The training undertaken must cover the Pensions Act and regulations, duties and responsibilities of trustees both under the Act and at common law and effective management of a scheme or trust RAC (see document 'Areas to be covered by trustee training' below). For further information on the trustee training requirements see 'Trustee Training Requirements' under 'FAQs'.
The Authority supports appropriate trustee training in the following ways:
- an e-learning facility for trustees is available free of charge and can be accessed at http://trusteetraining.pensionsauthority.ie/
- a list of registered trainers for trustees of occupational pension schemes and FAQs on trustee training requirements are available below.
The application form to be a registered trainer for trustees of occupational pension schemes is available under the 'Forms' section.
Irish Institute of Pensions Management (IIPM)
The Irish Institute of Pensions Management (IIPM) offers a Law and Governance Programme for Trustees, which focuses on the building blocks for implementing good scheme governance and risk management. The Programme is accredited on the National Framework of Qualifications. Further details are available at this link http://www.iipm.ie/page.php?id=107&title=IIPM
Life Insurance Association (LIA)
LIA has developed a course for those acting (or wanting to act) as a Trustee of a defined contribution occupational pension scheme or Trust RACs, or as a director of a company acting as a Pensioneer or Professional Trustee of such arrangements. The Professional Certificate in DC Pension Scheme Trusteeship is a two-module, distance learning course and leads to the new LIA designation Pension Trustee Practitioner, or, PTP for short. Further details are available at this link: https://www.lia.ie/courses/certificate-in-dc-pension-scheme-trusteeship