Students also consider the implications of these requirements for enabling individuals to meet their pension planning objectives -284b7 Economic, demographic and socio-political of challenges facing UK Pension provision b7 The development and current structure of state and private pension provision in the UK b7 Risk and pensions, the shift from DB to DC, and the influence of behavioural economics b7 Auto-enrolment and defined ambition schemes b7 Defined benefit schemes - structure, funding, benefits, governance and administration b7 Defined contribution schemes (group and individual) - structure, funding, benefits, governance and administration b7 Pension fund investment, principles for responsible investment, ESG approach to investment b7 The regulatory bodies responsible for pensions b7 Pension scheme accounting and actuarial issues relating to pension schemes b7 Pension planning for individuals: -360 o Legal and HMRC requirements concerning contributions and benefits, limits and allowances, including calculations o Analysing options and relevant factors in deciding when and how to take pension benefits at retirement o Analysing options and relevant factors in deciding how to deal with preserved benefits and pension transfers, as well as ill-health and death benefits Assessing the retirement needs of individuals - planning, investments, risks and outcomes On successful completion of this module, the student should be able to:" Critically discuss and assess the background and development of pension policy in the UK in the context of economic and demographic change" Analyse the main types of Defined Benefit and Defined Contribution provision, as well as hybrid arrangements, and discuss the key legal and compliance requirements, as well as policy debates, concerning their creation, structure and funding, as well as the legal and tax, governance and ethical rules relating to their investments, governance and administration" Explain and assess the structure of state retirement benefits in the UK, including the relevance of contracting out, and the structure and provisions of public sector pension schemes" Explain and analyse the role of the various regulatory bodies with responsibility for pension provision in the UK, discussing the ethical and governance issues with which regulators are concerned" In relation to individual pension planning:o Explain and apply the pensions regulatory and tax regime to individual pension planning, including the rules and requirements concerning contributions and investments and benefitso Calculate pension benefits and limits in various circumstances, and explain and anlyse the options available to individuals when taking benefits at retiremento Explain and assess the application and relevance of state benefitso Discuss individual savers' aims and objectives and the array of pension arrangements and investment (pension and non-pension) opportunities available to meet those objectives" Apply their knowledge of UK pension provision to solve problems and provide practical solutions in a variety of situations" Exploit social media as a research tool Using lectures and downloadable podcasts as a framework, students will require to gather, analyse and interpret a range of material from various sources, including current theoretical research as well as up-to-date industry analysis.
Seminars provide the opportunity to supplement the core material by analyzing and discussing particular issues.
All amendments to this document must be approved by the Pensions Committee.
Hackney Council’s Funding Strategy Statement can be viewed or downloaded.
In this section you will find information about London Borough of Hackney's Pensions Committee, along with details of the Council's Statement of Investment Principles (SIP) and Funding Strategy Statement (FSS).
There is also a link to the latest Investment Strategy Statement 2017-18.
A non-government body that promotes responsible investing at UK pensions funds, has called for scheme members and trustees to be included in a new Investment Governance Group being set up to monitor the updated Myners principles, a voluntary set of guidelines intended to improve oversight of retirement schemes.
Fair Pensions has responded to a review published in November by the National Association of Pension Funds, which recommended updating and simplifying the 10 principles codifying best practice for investment...
Statement of Investment Principles Hackney Council’s Statement of Investment Principles can be viewed or downloaded.
London Borough of Hackney Pension Fund adopted the present Statement of Investment Principles in September 2008.
Additionally, the consultation proposes a set of refreshed and simplified, higher-level principles and the development of a comprehensive suite of authoritative best practice guidance and tools, which will help trustees to improve investment decision-making and governance.