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International Trainer to Address Pension Sector

| 20/04/2015 | 0 Comments
CNS Business

Michael McMillan

(CNS Business): The National Pensions Office of the Department of Labour and Pensions (DLP) and the Cayman’s Chartered Financial Analysts (CFA) chapter are coming together to offer a free ethics training session for individuals who administer and regulate pensions plans in the Cayman Islands.

Organiser officials said the interactive presentation will teach individuals the role, contributions, competencies, duties and potential conflicts faced by local private pensions trustees, administrators and supervisors.

President of the CFA Society Cayman Islands Monique Frederick explained that the society promotes education and professional development among financial services professionals.

“We particularly strive to encourage a high standard of ethics and the shared belief that our work should always benefit society. Obviously this approach is particularly important in an area like the pensions sector, which has such a widespread impact on the community,” she said.

Director of Ethics and International Standards, at the CFA Institute, Michael McMillan, PhD will be the speaker at the event.

DLP Director and Superintendent of Pensions Mario Ebanks said there are presently 15 locally administered pension plans registered under the National Pensions Law.

“I am delighted that this world-class trainer and speaker has agreed to share his perspective with our local professionals. I am sure that pension plan trustees, and other administrative stakeholders, will gain much from this training opportunity, which will clarify their roles and improve their governance competencies,” the director stated.

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Category: Finance, Local Business, Pension plan

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