Available for pre-order, publication date June.This guidance allows a wide range of pension fund roles to identify the level of skills and knowledge they need to be effective in their work. This framework should be read in conjunction with the Code of Practice, which sets out in detail the scope, status, key principles under policy and legislative background.
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The CIPFA technical knowledge and skills frameworks for those involved in day-to-day financial management and decision making in public sector pension schemes.
The Pensions Knowledge and Skills Framework for officers, elected representatives and non-executives in the public sector has been updated with current guidance and good practice issued by regulators, commentators and MHCLG. The new frameworks identifies that effective management, decision making and administration of public sector pension schemes can only be achieved where those involved have the requisite knowledge and skills. This in turn ensures that organisations have formal and comprehensive objectives, policies and practices, strategies and reporting arrangements for effective acquisition and retention of public sector pension scheme.
The framework is invaluable for organisations to determine whether they have the right skill mix to meet their schemes financial management needs and as an assessment tool for individuals to measure their progress and plan their development.
Those who support the work of decision-making bodies will be able to see exactly what is expected of them and will be able to identify the level of skills and knowledge they need to be effective in their work. The publication updated is a further major step forward in raising the standard of public sector pensions management.
This publication is available in online format only.
Details of licensing arrangements for other categories of purchaser, which includes those organisations operating shared service arrangements, are available from CIPFA’s Publications Department.
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