ASISA Academy/Foundation Trustee Training Session | Beneficiary Funds, Employee Benefits Trusts and Guardians

ONLINE WORKSHOP LEARNING OUTCOMES

The following  summarises the Learning Areas and Learning Outcomes covered in this workshop:

BENEFICIARY FUNDS, TRUSTS AND GUARDIAN’S FUND (½ day – 3 hours)

Learning Outcomes - By the end of the course successful participants will be able to…

What are beneficiary funds, employee benefit trusts and the guardian’s fund?

• Define a beneficiary fund, employee benefits trust, and the guardian’s fund
• Name the stakeholders for each of the 3 different legal entities

How are beneficiary funds, employee benefit trusts and guardian’s fund regulated?

How are beneficiary funds, employee benefit trusts and guardian’s fund regulated?

What are the required governance standards?

• Name the respective regulators of beneficiary funds, employee benefit trusts and the Guardian’s fund
• Explain which assets can be placed in these legal entities
• Understand the legal structures that manage beneficiary funds, employee benefit trusts and guardian’s fund
• Understand the rules and regulations that govern the investments of these 3 legal entities
• Explain the different core legislation that governs these 3 legal entities
• Understand the operations and services of beneficiary funds, employee benefit trusts and guardian’s fund.
• Explain the compliance requirements of each of these 3 legal entities

The case for beneficiary funds, employee benefit trusts and guardian’s fun

• Explain which of these legal entities would be used under which circumstances
• Understand all the cost and fee structures of beneficiary funds, employee benefit trusts and the guardian’s fund

Tax implications

Member service and communication

• Explain the tax implications for beneficiaries when distributions are made to any of these 3 legal entities
• Understand who the main service providers are for beneficiary funds and trusts and how beneficiaries and their representatives are serviced, communicated to, and educated about beneficiary funds, employee benefit trusts and guardian’s fund, whichever entity they are