Course Outline

Module 1: Introduction to Ethics in Pension Scheme Management

• Overview of ethical principles in financial management
• Ethical decision-making frameworks for pension scheme managers
• The role of ethics in fiduciary responsibilities and protecting beneficiaries
• Case Study: Analyzing ethical dilemmas in pension scheme management and their impact on beneficiaries

Module 2: Corporate Governance and Pension Schemes

• Corporate governance principles: transparency, accountability, and integrity
• Governance structures for pension schemes
• Roles and responsibilities of trustees and governance bodies
• Project: Designing a governance structure for a pension fund that ensures compliance with regulatory and ethical standards

Module 3: Fiduciary Responsibilities and Pension Management

• Defining fiduciary duties in pension schemes
• Responsibilities of trustees in protecting beneficiaries’ interests
• Legal and regulatory requirements for fiduciary roles
• Case Study: Examining cases of fiduciary breaches in pension schemes and their consequences

Module 4: Regulatory Frameworks and Compliance in Pension Schemes

• Overview of pension scheme regulations and laws (e.g., ERISA, UK Pensions Act, Solvency II)
• Key compliance challenges in managing pension funds
• Ensuring compliance while maintaining ethical governance standards
• Project: Developing a compliance checklist for pension scheme trustees and administrators

Module 5: Ethical Leadership and Emerging Trends in Pension Governance

• The role of ethical leadership in pension scheme management
• Emerging trends in pension governance: sustainability, ESG factors, and responsible investing
• Navigating new challenges in governance and ethics in a changing regulatory environment
• Final Project: Creating an ethical governance strategy for a pension fund, incorporating compliance, fiduciary duties, and emerging trends