The Pension Trustee Practitioner (PTP) designation has been developed for those acting or wanting to act as a trustee of a defined contribution occupational pension scheme or Trust RAC, as well as a Pensioneer Trustee.
The Professional Certificate in DC Pension Scheme Trusteeship course aims to empower these individuals to gain and demonstrate the necessary knowledge, competence and skills to manage their scheme in accordance with the scheme rules, general trust law, and relevant provisions of the Pensions Act and associated regulations.
The DC Pension Scheme Trusteeship programme is the newest addition to our suite of courses. This course has been developed 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.
To be awarded the PTP designation by LIA, you must register for and successfully complete a two module educational programme* offered by LIA’s academic education partner, the Institute of Banking which is a recognised college of University College Dublin (UCD). Those who successfully complete this programme are awarded the Professional Certificate in DC Pension Scheme Trusteeship by UCD – a 30 ECTS (European Credit Transfer and Accumulation System) qualification at level 7 of the National Framework of Qualifications.
The Pensions Authority very much welcomes the launch of LIA’s new Pension Trustee Course. This initiative will allow current andfuture trustees to improve their understanding and knowledge of pensions and so better help their scheme members. We wish LIA and the participants every success.
I am very pleased to welcome LIA’s new Level 7 course for DC Trustees. I believe this is an appropriate level for DC Schemes. As, hopefully, DC arrangements consolidate in the future, and membership of these schemes increases, good governance by trustees becomes more important as the possibility of Member Trustees opens up for those schemes. At present, it looks as though the new IORPS Directive will not require all trustees to be professionally qualified, so that expert guidance from the professionally qualified trustees will be vital for the governance of these schemes in the future. My compliments to LIA on another progressive initiative.
The CGAI congratulates LIA on the Professional Certificate in DC Pension Scheme Trusteeship which focuses on the practical duties and responsibilities of trustees that this Level 7 qualification on the National Framework of Qualifications is a great support to the lay and professional trustee community.
Chairman of the Corporate Governance Association of Ireland (CGAI)
Holders of the QFA can apply for an exemption from the Principles module, resulting in just the Practices module to be successfully completed to obtain the PTP designation. In this instance the underlying academic award is not applicable.Enrol Now
This module brings together the key competencies / topics from the three QFA modules relevant to those acting in a Trustee role
Exemption: Holders of the QFA designation, Associates and Fellows of the Society of Actuaries in Ireland and Members, Associates and Fellows of the IIPM will be entitled to apply for an exemption from sitting this module.
The topics covered in this module include Sources of Law, Regulation, Trustee Obligations, Trust law Principles, Scheme Governance, Scheme Administration, etc, as well as a number of additional, relevant topics