Course Outline

Module 1: Introduction to Pension Scheme Design for SMEs

• Overview of pension scheme types: defined benefit, defined contribution, hybrid models
• Unique challenges and opportunities for SMEs in pension scheme design
• Understanding the legal and regulatory landscape for pensions
• Case Study: Analyzing the pension scheme structure of a mid-sized business and identifying gaps

Module 2: Financial Planning and Sustainability of Pension Schemes

• Understanding the financial aspects of pension schemes: contributions, funding, and liabilities
• Strategies for ensuring long-term financial sustainability of SME pension plans
• Evaluating the cost of pension schemes for employers and employees
• Project: Developing a sustainable pension plan for an SME with limited financial resources

Module 3: Risk Management in Pension Scheme Design

• Identifying and assessing risks associated with pension schemes: longevity, investment, inflation
• Risk mitigation strategies for SMEs, including insurance options and diversified investments
• Balancing risk and return: Understanding the trade-offs in pension scheme design
• Case Study: Assessing the risk profile of an existing SME pension scheme and proposing mitigation strategies

Module 4: Employee Engagement and Communication

• Importance of employee education and engagement in pension schemes
• Best practices for communicating pension benefits to employees
• Strategies for increasing employee participation in voluntary pension plans
• Project: Designing a communication plan to increase employee engagement in a new SME pension scheme

Module 5: Regulatory Compliance and Future Trends in Pension Design

• Navigating pension regulations: legal requirements, tax incentives, and employer obligations
• Staying compliant with government pension regulations and avoiding common pitfalls
• Emerging trends in pension scheme design, including flexible benefits and ESG considerations
• Final Project: Creating a fully compliant, sustainable, and engaging pension scheme tailored to a small or medium enterprise