This essential e-learning course, “Guidelines on Trustees’ Remuneration Policy and Scheme Expenses,” provides a comprehensive and timely guide for pension trustees, sponsors, and service providers in Kenya. Recognizing the critical importance of prudent financial management and transparency in pension schemes, this course delves into the recently published Guidelines on Trustees’ Remuneration Policy and Scheme Expenses dated April 18, 2023, which commenced on May 5, 2023. Participants will gain a deep understanding of the principles and procedures for determining and approving trustee remuneration, specifying permissible and non-permissible scheme expenses, and guiding trustees on setting payable fees for service providers. The curriculum emphasizes the objective of enhancing transparency, accountability, and member confidence, while minimizing risks associated with scheme expenses. By equipping learners with a thorough grasp of these guidelines, including their scope, limitations, and the detailed First Schedule outlining permissible allowances, this course empowers fiduciaries to ensure robust governance, strict compliance, and optimal financial health for pension schemes.

Key Topics.

Introduction to the Guidelines on Trustees’ Remuneration Policy and Scheme Expenses
Objective and Intended Outcomes of the Guidelines
Scope and Application of the Guidelines
Standards, Expectations, and Limitations of the Guidelines
Obligations in Setting Trustee Remuneration Obligations in Setting Service Providers’ Fees
Guiding Principles in Policy Development
Procedures for Setting and Approving the Trustee Remuneration Policy
Basis for Setting Service Providers Fees
Enforcement and Compliance
First Schedule Contents.