Real World events provide threats and opportunities for Pension Funds. Sadly Trustees are often ignorant as to what these are, why they happen and possible results.
This one day course provides Pension Trustees with a concise and useful briefing as to the major Real World and Economic factors, what they are, their roles and impact. The emphasis is on reality. Via clear language, examples and exercises the course helps delegates develop their own knowledge for use as Trustees.
No prior knowledge at all is assumed.
Content
• Background and basic concepts: the components of an economy • Why is growth and employment important? • Role of productivity and technology. • Business Cycles, Interest Rate and Stockmarket cycles and their connections • Role of confidence and the importance of expectations. • Effect of Government • Growth and decline of sectors and firms • Technological change and its impact • What determines interest rates? • What causes inflation? Why is it important? • Currencies – their roles and why they change in value
• Review of Current World Situation The New Economy and its structure. USA, EU block, Japan The Rise of BRIC (Brazil, Russia, India, China) and implications Other Emerging Markets
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