The coronavirus (COVID-19) pandemic is placing the funding, investment and covenant position of benefit pension schemes under huge pressure.
DurationThe coronavirus (COVID-19) pandemic is placing the funding, investment and covenant position of benefit pension schemes under huge pressure. Investment volatility and a sharp increase in deficits have coincided with the severe financial pressure the crisis is placing on many scheme sponsors across many companies and sectors.
Revenues have declined very rapidly given a collapse in trading volumes and in many cases forced the suspension of business operations.
For many scheme trustees and their sponsors, the need to ensure the continued viability of the business in the short term, and how to reconcile this with ongoing pension scheme funding commitments, will now be a critical issue.
In many cases, this is affecting all other stakeholders and creditors: employees are being retrenched. Creditors and landlords are accepting deferrals or reductions in payments, and companies are looking to lenders and the Government for additional credit or waivers for breaches of banking covenants.
Pension schemes cannot be exempt from this, as their funding commitments represent significant demands on cash that many companies cannot meet at present.
However, given the complexity of issues faced by pension schemes and the duties to which scheme trustees are subject, the pension scheme funding system does not easily adapt to a crisis of this speed and depth
Addressing the Challenges facing the Pension Fund Industry
Applying De-risking Strategies for your pension fund
Understanding Corporate Governance and it’s important to pension fund industry?
Surplus legislation, its impact and its Implications
Trustee forum: what do current market conditions mean for you as a fiduciary?
Addressing Trustees key duties and powers as prescribed by the Fund Rules, regulations and legislation
Monitoring and evaluation of pension funds: reviewing the Service Legal Agreement (SLAs)
How surplus returns should affect Employee Benefit Plans
Innovation in the pension and retirement fund Industry
Intelligent Africa develops, markets and manages training programs and conferences to both the private and public sector throughout Africa and South Africa.
Established in 2004, our team is experienced and professional. Through our multi-national, multi-language team we have clients in many African countries.
By using critical market research methods in the designing and production of our events, we are able to identify the unique challenges facing local and African businesses today. Our commitment to service excellence means that we deliver genuine business solutions at competitive rates.
Our research-driven, tailor-made events relate directly to market movements and environmental changes. Intelligent Africa draws on a diverse pool of industry professionals in the production and staging of its events, in order to provide delegates with the ultimate learning experience. Our qualified presenters are accredited and have vast experience in their areas of expertise.
Not only do our subject-matter experts possess a wealth of knowledge, relevant qualifications and solid industry experience, but they are required to demonstrate exceptional presentation/facilitation skills in order to keep delegates interested and focused at all times.
Our Mission:
To establish Intelligent Africa Marketing and Training as a preferred skills development service provider.
To distinguish Intelligent Africa from its competitors by providing focused, great quality and cost effective interventions to the Southern African and African commercial, governmental and related industries.
To add value to our clients through enhanced people capability
Our Vision:
To be a client friendly, service orientated, value for money and high quality business partner.
To provide great employment opportunities, improve the quality of life of our employees and to reflect the composition of South African population in our staff.
To expand Intelligent Africa through participative and transparent management
This learning programme is intended for persons who are, or seek to be, specialists in human resources management. Persons credited with this unit standard can participate in the development and implementation of an organisation`s equity related plans and policies, to communicate these plans and po...
The programme progresses through three levels. Each N level takes place over one semester. After each semester, students are eligible for a National Certificate on that level. We recommend continuing through all three levels in order to qualify for the National Diploma.
This course aims to enable Human Resource Practitioners to be able to contribute at a strategic level within their organisations and to help shape the development of a high-performance business.
Change Management course is offered by Direct Management Solutions. Our aim is to provide an extremely high level of customer service to compliment the high standard of the courses we deliver and the value for money that we guarantee.
On completion of the Workshop, participants should be able to Understand policy formulation and development processes and procedures, Clearly understand the context and definition of public policy analysis, formulation and implementation and so much more.
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